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 : gem-x's incredibly accurate Elliott Wave forecasts. -- Ignore unavailable to you. Want to Upgrade?

To: iowamann, Spam Queen who wrote (490)	8/15/2001 11:52:06 AM
From: eichler	Read Replies (1) \| Respond to of 2290

I-Mann, Thanks, you called it! Quite a reversal on the compx.....hopefully longs from the lows had stops to protect profits. If the 1916 low is breached today, the chart pattern will be broken to the downside, a very negative development. With the oversold look of the 60 min chart, not sure how much ammo the shorts have left...but a break of the pattern will be enough to panic longs, IMO. Time to exercise extreme caution. The lower support line might be a good shot to re-initiate longs, but tight stops should be used and failure of the support line to hold should be a huge warning signal. I believe the 78% fib retrace sits at about 1934...so maybe all is not yet lost..... We shall see today I suspect.... If we breach to the downside, I will change my NM expectation from a high to a low and will consider the window of thurs to next tues to achieve the target. Let's hope traders are playing it smart and not hanging on to hope as an excuse to ignore potential signals. Best, Eichler