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 II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (85)	2/12/2001 1:38:03 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

The Fed made it about as clear as they could last month that they were defending that line. I'd take it seriously, and wouldn't rule out PPT intervention or another rate cut if we pierce that line again.

To: AllansAlias who wrote (85)	2/12/2001 2:21:49 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 52237

I suppose I shouldn't make any comments on this subject, but in the interest of friendly discussion and I emphasis, friendly (given version 1 of this thread) - I must say that I find any line drawing methodology that chooses at times to take into account the Close vs the Low/High, and at other times not, is a bit vague. I also missed the Fed announcement that they were watching that line and lining up the defenses. ;) For a lark, we could draw a similar line on the NYA and see where it might head to if it were to correct in a similar manner. Its not touched in eons, so I guess its due. <g> However, I'm just a trader. Mind you this trader was out of tech longs on a long term basis in early 2000. BWDIK!