SI
SI
discoversearch

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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: Shack who wrote (6205)7/3/2001 11:51:23 AM
From: AllansAlias  Respond to of 209892
 
If they are gonna get this green so the nightly news can report that all is well with the markets, then they are gonna do it here. I'm still long on this last try, but man, the volume is so light it's ridiculous. I just want this trade to end so I can get out into what has turned out to be just a brilliant, sunny day.

SOX is back testing the same DT line. That's what killed the last pop. Over 642 and it should be able to move a bit.

Let me take this opportunity to wish my American colleagues a grand holiday break. Hope you and yours have a great time.



To: Shack who wrote (6205)7/3/2001 11:54:03 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
Where do you have that DT line coming out (today/Thursday), and how many pts. a day does that thing go down...

Well, I've crafted a scenario now that fits your "squiggle".....a little jello up into today's early close, and then a bogus gap up Thursday, and should be death in the 2170-2180 area (if it gets that far)...

At 2170-2180 should be pretty decent r/r for shorting...I am believing it will die in the 2160-2170, forcing me to commit a bit early, and riskier then I'd like...like you said, if we definitively break the DT line (headfake allowable), then we are likely in a 5th of either a 1 or 3 (with more to go), and within the "C"......which I am now hoping does not happen, because the daily/weekly stochastics I follow will be of less use...



To: Shack who wrote (6205)7/3/2001 12:01:25 PM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
And there goes that smelly DT line; at last. I am out for 10 NQU's and off to enjoy the day.

See you folks after the break.