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 (9555)	10/6/2002 5:50:21 PM
From: Alan Bell	Respond to of 30712

Jeff, Thanks much for your detailed explanation. Your thinking is clearer to me now. -- Alan

To: Jeff who wrote (9555)	10/6/2002 11:41:21 PM
From: ig	Read Replies (4) \| Respond to of 30712

"...you can't pierce these major supports or they are not support anymore..." Sure you can. A MACD Divergence is one of the strongest signals in all of Technical Analysis. Take a look at the October 1998 low of the Nasdaq. Price broke below very serious support near 1465, then rallied like a bat out of hell for the next year-and a-half: dtraders.com We almost had one on 9/24 and again on 9/30. I played them both but they didn't pan out, so instead of making a lot of money, I only made a little. When I see another one shaping up (there may be one soon on the weekly), I'll take it again. If it catches, I'll make a lot of money; if it doesn't, I'll only make a little. The risk/reward on these is terrific. ig