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.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (53633)	9/9/2011 4:57:06 PM
From: Kirk ©	Read Replies (3) \| Respond to of 95503

Nice support chart for SPX. C could be a high reward trade here. I have some from under $30 bought in 2009 (under $3 split adjusted) but I was too greedy to take profits at the 4 opportunities at $50. Every time I thought about it... it was too late. Still might get some more here as everyone hates banks.... I did buy some XLF recently near its similar low ($12.50 I think) so I'll check that next...

To: Jacob Snyder who wrote (53633)	9/9/2011 11:54:14 PM
From: Return to Sender	2 Recommendations Respond to of 95503

That 10% above rule for going long on the VIX is just a short term rule. Yes, that means you should have considered going long today but even when making short term trades one should not buck the overall market trend except for a quick counter trend rally. The 10% rule on the VIX is only for short term swing trading. We have plenty of negativity these days. We almost have more bears than bulls in the II Poll. It's not impossible that we have not already seen the bottom for the market. It's just an awful quick bottom if we have seen it. Look at how long it took for us to bottom in 2002 and then in the quicker sell off in 2009. Well over 2 years in 2002. At least 13 months from the top in 2007/2008 to the bottom in 2009: We have only had a few months of selling now. We are not even in a new bear market. Unfortunately I believe we are in the same old one. We have yet to see a 90% upside day. Volume is still too high on the down days. We have not yet got clear of the capitulation phase. RtS