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 : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (23278)	8/8/2001 6:52:34 AM
From: Jerry Olson	Respond to of 30051

mish i told my subscribers this past letter that the SOX index was 100% overbought..and to sell all long semis..wait for 580 on the SOX for the 3 box reversal down to set up a potential move up from there...as long as 540 holds... anything can and usually does happen..there is NOTHING written in stone MIsh..we are traders, just trrying to make a living in these markets..and so far so good since the March 2000 decline right to this date... while others are hanging on every word of anyone that can think...i try to do what the charts are telling me... we need a pullback on all indexs to set up any further rally...over the last 4-5 FOMC's we have sold off in FRONT of that meeting, and then rallied up.. i can see this again this month as well... a slow grind down into the FED on light summer volume..and then a nice rally into Sept.. i love the semis here on a pullback..i have stated that clearly...you'll need to wait for my all clear to go long...the PULLBACK is not complete yet...OK?