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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (37922)	8/5/2002 12:53:58 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68581

SI Charts are back. COMPX took out support at 1220. COMPX intra-day is not close to generating a buy signal yet. Next support 1192/1200. Markets are closed here in Canada today. Low ball RFMD Jan 2004 7.50 at $2.15 options probably filled this morning. The bid is not currently 1.85, ask 2.00. I don't like the way the gap opened up. It indicates a bit of panic. Panic is caused by new 52 week low. A trade at 1.85 would stop me out. For the overall market, the problem is the re-test of the lows are coming to quickly to suggest a decent base will be formed.