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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (15963)	12/27/1997 1:51:00 PM
From: Judy	Read Replies (1) \| Respond to of 50167

Hello Sonki, there will be days when the market will rally but the dominant trend is still down. I am "position" trading this market and don't care if the flux reverses for a few days within the dominant trend. Those who trade the flux need to be nimble for it is anyone's guess as to which retrace up will be the last. On DELL I advised a friend to do a ratio write sometime ago if she felt comfortable being part naked. But then another acquaintance who is a good momentum trader went long on DELL, and I was thrown off a bit. Then I realize once again that position trading is very different than day trading, and one must filter out input that is incompatible with one's trading strategy. As for MSFT, INTC, DELL ... the dominant trend is still down. CSCO is heading down too and this next rally may be its last hurrah for awhile. Here's my current views on INTC, along with TT's outlook: Message 2991263 Message 2991904 Wait for INTC to report before deciding when to uncover. My sense is that INTC could see 57-62, and if the Asian crisis ends the current semi cycle the stock could go much lower.