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 : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: magicslr who wrote (11376)	8/24/2000 11:06:57 PM
From: Ian McGuire	Read Replies (1) \| Respond to of 49816

evening magic.. just coincidentally looking at YHOO chart when i noticed your post....as you said,flirting with resistance at 140...in doing so it has broken a 1 month downtrend...if it can successfully test 140 i dont see any resistance till upper 140's....im sure the thread despot will have a more illuminating answer.......ian

To: magicslr who wrote (11376)	8/25/2000 1:49:54 AM
From: pooh	Respond to of 49816

I guess we can look at YHOO in two different ways. From the YHOO chart itself, I guess YHOO got a top at 142-11/16. If so, we should just sell and set a buy stop when YHOO clear the resistance. However, if we compare the YHOO chart with the Nasdaq's or HHH's, then the 140 may not be the resistance: YHOO was just happened to be at 140 when the whole internet or the nasdaq dropped. That is, YHOO just rode the same roller coaster. If so, we should depend on the nasdaq or HHH to decide when to sell YHOO. In my case, I set my stop to sell at 138-1/2, then adjust it as the candles go. 12 points for the last two days on YHOO is more than terrific. pooh