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: AllansAlias who wrote (16691)10/16/2001 1:08:46 PM
From: Justa Werkenstiff  Read Replies (2) | Respond to of 209892
 
Sox getting juice from INTC. One to watch. If INTC takes out $24.85 and we print a new Sox daily high we should make a run.

Edit: Eight minutes later, INTC comes through and spikes Comp. Sox has not posted new highs yet. Maybe they can turn NVLS green to help.



To: AllansAlias who wrote (16691)10/16/2001 1:23:42 PM
From: 4rthofjuly007  Read Replies (1) | Respond to of 209892
 
I get it. Thanks.

I'm not sure if the scenario is still in tact since your last post. I believe it is. I'm wondering if we see a strong close (but not a melt up), like we have in the past few sessions, a melt up blow off top tomorrow after IBM and INTC and then a rush for the exits on Friday after MSFT.

I am still weary of going short but one more pop and I'll take a crack at it. I'll just sell QQQ stock, no puts for me until sentiment indicators are ate more extreme levels.



To: AllansAlias who wrote (16691)10/16/2001 2:07:35 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
On the ending diagonal (5), can you explain how that scenario plays out....ok, higher high (by tomorrow)..but you got any targets on it and/or point where resistence MUST hold..

Or is it all just wave/wiggle counts..

I'm thinking we are now in our last wave up here (although I guess it could extend) and that we are looking at 1740-1760 as the ending "area"....no way above 1760...