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 : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (49086)	5/6/2004 11:39:25 AM
From: Michael Watkins	Respond to of 52237

There are 3 and 4 day bear flags on each of the major indexes. INDU has already hit its first target... the others are lagging a little. NYA a little closer to the DOW picture. I call them "stealth" bear flags - bear flags just above a test of a low. One of my favorite shorting patterns in all time frames. The big question is... will tomorrow deliver a bonus round for shorts (head for March 24 lows) or be a reversal. I won't be betting on that in either direction - will play it in futures once the report comes out.