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: StockOperator who wrote (859)	2/23/2001 3:33:43 AM
From: Michael Watkins	Respond to of 52237

If / Then / Else scenarios, the only way to trade - totally agree. I feel as you do - if the 1900 area is penetrated we could easily see NDX push through to 1500, and I suspect the final push would be a climax event rather than an 'i give up can't bear to watch slow death' kind of move. I am also mindful that so far this decline has been moving at relatively high speed over the longer term - weekly charts - and nothing goes down forever in a straight line. So here price is at a major swing point and the risk is high for all position players on both sides. Should be exciting here! But I really like the rally a day or so and clunk scenario, that one almost guarantees a high speed move that takes out this recent low and then some.