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: SeachRE who wrote (30011)	5/27/2003 7:55:54 PM
From: ajtj99	Respond to of 30712

Don Sew may be looking at and NDX near 1300 by July if he's not careful. While it's probably not enough to kill someone, it may make for some near term pain. If we do get to that level, I expect the bulk of any gains above 1200 NDX may come in the final 2-weeks of June after expiration. Play the upchannel off the March lows and you're safe. The best play has been to be long above the 13-EMA on the NDX, COMP, and SPX and cash below it. That is the wisest and most simple plan I can see right now. This market is like Oz right now, both the one Dorothy was in and the one on HBO. It will suck you up and spit you out like a tornado and make you run to a Wizard looking for a brain. It will also tear you a new one and stab you with sharp objects like on Oz. Your good witch Glenda is the 13-EMA, the up-channels, and your stop loss. When the market is ready to reverse at a top, most people will have jumped on board thinking they're not in Kansas anymore (the Bear market). That's when the wicked witch MM's will turn them into monkeys and reverse and bring us all back to Kansas again.