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 : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Gush who wrote (4313)	1/27/2005 10:16:49 AM
From: Vendit™	Read Replies (3) \| Respond to of 8752

GUSH, The OIX is headed down. 139.142.147.218 Do you own those PUTS? <g>

To: Gush who wrote (4313)	1/27/2005 3:58:45 PM
From: Walkingshadow	Respond to of 8752

Hi Gush, I'd say shorting the $OIX would be a good trade. It appears to be testing resistance and looks unlikely to break out here, so a correction appears to be in the cards. There are early technical sell signals. The risk is a break out, and so the stop should be just above resistance that $OIX has tested a few times now. I wouldn't read anything into the last price. T

To: Gush who wrote (4313)	1/28/2005 1:47:48 AM
From: Walkingshadow	Respond to of 8752

Hi Gush, Re OIX, I think it would be wise to keep in mind a few facts: 1. OIX is in a long-term uptrend: 139.142.147.218 2. OIX is in a medium-term uptrend: 139.142.147.218 3. OIX appears to be starting a short-term downtrend/correction within a trading range. This has NOT yet been confirmed, but there are early but definite indications that the short-term trend is reversing here. The upshot is that if you are short OIX, you are aligned only with the short-term trend. That means it would be wise to not get greedy, take moderate profits where offered and move on quickly. Also, if OIX moves against you, be quick to pull the trigger, especially if there is a break above the upper limits of the trading range on high volume. Also, if I were going to short $OIX, I would require that the index fail at the major intraday moving averages, then confirm that failure. If and when that happened, that would be the entry signal. T