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 : BEFRIEND THE TREND Short-term Options Trading Thread -- Ignore unavailable to you. Want to Upgrade?

To: TraderWithNoName who wrote (711)	2/11/2002 11:29:59 PM
From: TraderWithNoName	Read Replies (1) \| Respond to of 4058

NVDA: I think daytraders had two good shots at buying it today, The first was on oversold STOCS above the previous close-the second on oversold STOCS and price falling against the 49 (or 50)period ema on the 5min chart. The 5min chart could just as well be a daily-same principle applies,buying or selling at an extreme and\or into support or resistance. The "buy" is even more convincing when your daily chart is springing out of an oversold condition. It may not always work-but if you can get all the stars in alignment it is worth a shot. It's my personal favorite.[ that should mean a lot (g)]. Go back over some 5min charts and see if you can find something similar. The more often you see it-the more you will believe it. Of course I could be wrong. In that case-never mind. If the first link doesn't work for you-try the second. stockcharts.com[w,a]ijclyiay[d2][pc5!b8!c49!c200!f][vc60][iut!lp15,5,5][J3105827,Y] askresearch.com