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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (91170)	4/6/2001 4:41:19 PM
From: pater tenebrarum	Respond to of 436258

it's still too early to tell for sure. this week has thrown a few spanners in my works with the strange down-up-down sequence...we'll know by next week though. essentially i see two possibilities: either the turn came a day early, or it turned into an ST low, with the next turn on April 12. however, on Monday, the recovery from the low will be a fibo 13 trading days old, so another marginal high on Monday may provide the turning point too. sorry i can't be more specific or definitive about it...at times it is more difficult to come to a proper assessment, especially as next week is shortened by a holiday. worst case for the bears would be a rally into April 23, which of course may well come from a panic low on the 12th. or the 12th turns into the ST high, with April 23 providing the panic low point. as always, one should be cautious and not overcommit...i've re-established some of the cheapo put positions i sold on Wed, but i'm prepared to risk a write-off and have another go at it if we rally into late April. wouldn't want to miss the LLCF.