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 : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (4363)	7/29/2002 6:31:53 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

We had a low t-q last Wed, and we closed on the high that day. It wasn't as low as today, but it was pretty close if I recall. I thought I'd get one chance at playing a re-test. I'm quite surprised I may get another, although the re-trace showed a few whacks at the bottom. The extent of the rise off the bottom detached a bit from the re-trace, but that's the nature of bear market rallies. The cool thing is that the re-trace shows some congestion in the exact same area as Max Pain is at. That's just amazing if it works out that way. Either way, I think if we do get a double bottom or a slightly lower low, I'm going to try to buy that bottom if it's decent and hold it until September. I'm going to be pretty busy, and I'm hoping I can make that one trade off the bottom. We'll see. I'd like to make 2-more trades in the next 2-months - buy the 1192 re-test if it holds and short a top off that into a low of 1000.