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 : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: J.T. who wrote (81)1/17/2002 11:22:26 PM
From: da_cheif™  Read Replies (1) | Respond to of 207884
 
tonites decline will get da thur morn 1126 gap filled den go up to fill friday morns opening gap and keeep goin..eh???



To: J.T. who wrote (81)1/17/2002 11:59:15 PM
From: Chip McVickar  Read Replies (2) | Respond to of 207884
 
Hi J.T.,

The pitchforks I use are tell'n me all three major indexes have reached a median line and reacted by being pushed away and higher today. Suggests higher prices. Also the spx came to a clean 3.82 retrace off the low on 10/31.

All 3 put in nice reversal bars, with the spx showing a nice inside day..., and the larger bar pattern now suggests we get at least two more days with higher prices.

There's been a nerviousness over the last week as the Enron thingie plays out, and I believe the large traders made good use of that "Fear" to have their way.

So I like your "trap" idea a lot.... along with tha time gap comin on monday.., CLX strength, I'm looking for a few days of rebound to sideways for next week.
Chip