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: Justa Werkenstiff who wrote (12075)	10/24/2002 9:57:52 AM
From: h8_2_b_l8	Read Replies (1) \| Respond to of 30712

My thinking with that higher high was the fact that if we go down to 1221-1229 area, we'll have a 50% retrace, likely AV, holding of support, and the token dip buyers. Plus everyone has the mentality that we just saw the bottom. All these different buyers converging at once could cause quite a bounce. In addition, if our next leg is the washout phase of this bear market, they need to lead as many bagholders as they can. The easiest way to do that is break 1347 convincingly and marginally break that downtrend line from January. Plus the 1396 makes 997 a feasible target technically. If we really do plunge in December all bagholders will be stuck with no way out. Sound crazy enough for you? <g>