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 : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (941)	12/13/1997 5:03:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 1589

Glen; RE:" EVI " If it loses support here, Glen - it looks like ~42 or so, next stop. The entire market is cratering, Glen - we haven't had a technical correction from breaking the UpTrend line yet - there might be some weak, bullish moves - nobody expects any kind of sustained rally. Are you options-enabled, Glen? You can buy insurance by selling calls, or doing a "ratio write", where you sell 3 CALLs for every 200 shares you own, for example. World-Wide collapse of equity values; banks failing; surplus production and general deflation. Pretty serious stuff goin' on, Glen. Lots of the charts look the same - they either bounce up from this horizontal support, or we crash. Look at INTC sitting on it's perceived support at 70. I bought some INTC LEAPS down there, in case buyers do emerge - and we avoid a crash; but I have a short STOP on them, man. Good luck (to everyone), Glen. -Steve