Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (26344)	7/31/2000 11:28:32 AM
From: Casaubon	Respond to of 42787

4200 is the price objective of the inverse head and shoulders on the NDX, as well as being horizontal resistance from the second stage of the waterfall decline (early april timeframe). There is sufficient fear (rising VIX) to carry this move up. I do not beleive people will see the washout they are looking for this year. RSI did not confirm further weakness and williams %R has us in oversold conditions. I am fairly certain we have seen the highs for the year and possibly a good deal longer than that. I beleive we are approaching a sustained bear market. I beleive people should be taking money off the table on rallies and looking for good shorting ops. Build capital stock and only invest in high growth areas. Cut losses quickly. I am 4/3/1 in bonds/spx/ndx in my 401K (as of thursday close) looking for exits to move back to bonds. I am approximately 80% cash in trading accounts (20% long). I took a beating on DRAM last week. I held my remaining VRTX long position. It seems to be putting a very healthy correction so far. I will not let it run to the downside as I did the DRAM. I don't know why I was so stubborn with the DRAM. I ignored the heavy distribution day after the last breakout. A lot of good analysis suggested semis had topped.