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 : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (912)	6/11/2008 6:30:06 PM
From: Galirayo	Read Replies (1) \| Respond to of 3209

Very Nice Chart / Map there AA.

To: AllansAlias who wrote (912)	6/11/2008 11:49:04 PM
From: rcksinc	Read Replies (2) \| Respond to of 3209

AA Your review of where are in the bigger picture was tremendous tonight. I have been leaning towards a more bullish or sideways view of where we are headed and I have not been convinced that something bigger is underway. Today changed that, in that I had us holding the 1350 area and at least making a run at 1390 because of OE next week. I think we could still turn back up of course, one fib target is the 1327 area, which would be .618 retracement of the rise from the March lows to the 1440 highs. That would be the chart you and ski reviewed together. The alternative is we continue down in this 3 or iii and I have fib targets for the 1315 area and then a bounce back to today's support/resistance level of 1340. Man we spent all day watching that hold, was that frustrating, it was all I could do not to close Put positions. LOL. We'll see soon I believe which chart is right and I know it could morph into something else after that but for now the lines drawn seem clear for a change. Bottomline I appreciate the depth you went into with your posts tonight, it is a great help.