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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (126791)	12/7/2005 12:59:50 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

ski, I noticed on Monday that you and phoenix had revived the wiggle thread and I think that's great. I'm glad that there is an active adjunct forum for people who like to hold their positions for only a few hours or a few days. My style of trading usually involves holding positions for weeks or months, as currently I just don't have the time to trade (and therefore watch) very short term charts. I haven't made a single daytrade all year, and (except for trades where stops have been hit) my shortest term deliberate trade this year has been one that lasted nine days. As I mentioned earlier, I see many signs that a near term top is at hand, and at the least we are in come kind of a C down from 11/23 on SPX. How long the after-Thanksgiving decline will last is anybody's guess, but here are some useful numbers so take your pick: 1207 .62 retrace of the move from the October low 1219 .50 retrace " 1231 .38 retrace " 1249 horizontal support, 11/30-12/1 1243 horizontal support, August & September highs (approx.) 1250 20 day sma (currently) 1220 50 day sma (currently)