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 : Joe Stocks Trader Talk -- Ignore unavailable to you. Want to Upgrade?

To: NCKEV who wrote (404)	3/3/2002 10:11:48 AM
From: Joe Stocks	Respond to of 787

Scape, HD looks like a slightly better short here than long. I think the risk/reward shows a risk to 52 and a reward down to 47.5. What is very interesting with HD since earnings is that it has sold off on volume in a rising market. That said, A rising market may help support it here so I don't see a trade just yet. I think a long would look better at 47.5 and a short at 52. Personally I think if it gets down to 47.5 it will go down to 45 or so if volume trends remain. We just had MACD crossover. stockcharts.com[l,a]daclyyay[db][pc20!c50][vc60][iLb14!La12,26,9]&pref=G Currently I'm short from 52 but have moved my stop down to lock in a profit as I don't feel comfortable trading against the market on especially a DOW stock. You as well as anybody knows my track history on HD. Do the opposite of what I do. LOL! I know better than bet against you on it. Scape, good to hear from you. Joe