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.

Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Jurgen Trautmann who wrote (10653)	1/4/2002 9:38:40 AM
From: Trading Machine	Respond to of 11051

Good morning JT(my time)ggg We have been putting the line at the top of the following weeks: 07/21/00 02/02/01 05/25/01 12/07/01 You will have to adjust these dates for use on Quote.com charts because these dates came off of my other charting tool, IQcharts. The key thing here is that in August of 00 there was a break out above the line into the first of September 00 when it dropped again. You can see a representation of this line on Quote.com's Qcharts on my web site:http://www.angelfire.com/ego/trading_machine/, then select Charts and OEX on the pull down tab at the left of the web page. I have a weekly OEX chart that I have not updated this week, however, I will update it today at noon when I go for lunch. The importance of this is that it is possible that we will break the line to the upside today. Then next week would be the confirmation week. This correlates very nicely with Gersh's forks on his web site also. As for the two tops and a drop, I just don't know. I see an uptrend in place and if we break the weekly down trend line to the upside and confirm it, weeeelllll, I have to take all the gloom and doom news and discard it. I think rather obviously the "liquidity pump" that the Fed has turned on is in control and I will start respecting it - no matter what the news reports say. This is the basic error I have been making since September and I will try to change my ways! gggg Hope this helps, it's one man's opinion and I respect others. Paul K.

To: Jurgen Trautmann who wrote (10653)	1/4/2002 10:35:39 AM
From: Trading Machine	Read Replies (1) \| Respond to of 11051

JT, sorry but I misspoke with the dates in the last posting. The better line (IMHO) and the one we have been using is on the web site. We broke on top of the line last November and followed it down a ways then started up. So clearly this line acted as support for several weeks. Sorry for the confusion, this is the reason that Berney demanded that I start keeping a permanent record of these lines - its easy to get confused. ggg Cu Paul K.

To: Jurgen Trautmann who wrote (10653)	1/5/2002 9:37:08 AM
From: Trading Machine	Respond to of 11051

JT, I updated the weekly OEX chart and put in the green line you suggested. It is a good line and with your permission I will leave it on the chart. There are two other lines coming into play here also. The red line which is a short term uptrend line and more importantly the yellow horizontal line at OEX 600. I have a working theory (and its only a theory) that when several lines come into play at the same place the resistance/support is increased substantially. However; the Fed pump could overpower it, Monday will tell. The 600 line has been very strong in the past and was the principal reason I went out of the trade yesterday. If I had to guess, I would guess Monday will be a doji day or down. Now I need for the 60 minute indicators to get reset for another entry point. This trade exposed me for two days and neted me 1.2%. I will continue this trading pattern until we are "out of the woods"! ggg Hope all this helps and good luck Paul K. Edit: the web site URL angelfire.com