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: isopatch who wrote (7343)	5/10/2001 1:40:26 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 52237

I expect a correction back to 10,300 if 11K is not broken. The 'powerful' rally from 9100 to 11K just moved from an extended bottom to the top of a very long trading range the DJI has been in for the past yr. quote.yahoo.com^DJI&d=c&k=c1&a=v&p=s&t=1y&l=on&z=m&q=l Except for 6-8 wks, the DJI have been tightly range bound between 10300 and 11K. Trading this range involves selling resistance (11K in this case), and buying support (10K to 10.3K)- but don't forget to cover if it behaves badly and breaks the range. <g> That has been the only way to make money on the DJI for some time now. Market internals are favorable for a break out of the trading range, but the higher risk at resistance is being LONG, so I am remaining underinvested. Good Luck, and keep us up on your strategies..