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 : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ron McKinnon who wrote (49263)	9/23/2003 10:30:58 AM
From: Kelvin Taylor	Respond to of 53068

So what do we do? Monday's action is disappointing to say the least. However, other than those areas mentioned above, there's no reason to become too bearish--yet. With that said, I'd hold off on shorting until we see a larger thrust down in those questionable areas. Only then, should you begin to look for transitional setups. On the long side, now might be the time to put you hands in your pockets and wait to see how far this sell off will take us. Simply waiting for an entry might keep you out of trouble here. Should you decide to buy, focus on those areas mentioned above that remain generally constructive in spite of today's sell off. No setups tonight. Best of luck with your trading on Tuesday! Dave Landry P.S. Reminder: Protective stops on every trade! biz.yahoo.com