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: RealMuLan who wrote (131050)	3/23/2006 12:43:09 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

RM, there is nothing to reverse up How about the move down from 50 to 44? That's what I was referring to - a gap up above 50, which would also fit since its pretty oversold on the daily. But I think anybody playing for that is looking at a low likelihood play. From saavy's subsequent posts I see that he clarified that he meant a reversal down to its levels before the gap up to the potential island. IMO unless we see a general SOX or broader index decline, I think an island gap down is almost as unlikely as any island gap up right now. I'm not into any chips right now except CY, which is currently right on the LT from its October advance. How about you?