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: James Strauss who wrote (28262)	8/23/2000 5:31:33 PM
From: sandeep	Read Replies (1) \| Respond to of 42787

This is powerful stuff. If the NAZ doesn't roll over and die tomorrow, we could hit 4200 soon.

To: James Strauss who wrote (28262)	8/23/2000 6:48:27 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

James, >>>> This type of reversal pattern is very bullish with or without the volume <<<< As mentioned in my index update unless yesterdays highs are taken out significantly, that would be bullish short-term and I would not be overly bullish until 4300 is taken out. I guess you are ignoring the threat of the Head and Shoulder formation, which is of course your choice. Im not saying that the H&S will be completed, but I wont ignore that possibility as you do. Considering todays performance as being very bullish could be a BIG MISTAKE, and you could be right. Today did not set a higher high but did form a MINI-DOUBLE top if tomorrow is negative By the way I have a CLASS 1 SELL signal on a closing basis for the NAZ and NDX. If we dont see some sort of a pullback then I may get a negated signal and the NAZ may then take off, and I will be wrong. My point is not whether you or I are right or wrong, but that its premature to become very bullish, as you stated. If you dont agree with me on the 4300 level then at least wait to see if yesterdays highs are taken out significantly. Again it could simply be a mini-double top. When someone says to me that something is very bullish, I take as if that person is aggressively adding to their position, to the point they are even adding on margin if that person plays with margin. If one says its very bullish and in fact didnt add, then I consider that such person may have an alternative agenda and I did say may. If its not an alternative agenda then it may just be BS. Of course that mainly applies to individual stocks not an index. So I presume you added aggressively, since I dont consider you a BS'er. Good luck then, you may be a little premature to add aggressively. I may have just added a little to start with than add on, rather than going aggressively now. seeya