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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: jmac who wrote (5832)	2/7/1998 1:10:00 PM
From: Chris	Respond to of 42787

hi jmac, logging onto SI frequently, i see <ggg> anyways, i assume you expect uptrend to continue next week.. my gut feeling is siding towards that way as well. the 6-7 day cycle of peak to bottom is very firm, but i've noticed when the rally is VERY powerful, that cycle will be negated. negated in the sense that there is not peak to bottom.. rather, it is a peak to a peak.. the stock moves a higher level for that cycle (instead of a retrace) some of the tech stocks (txn, mot for example), have retraced to mid fork line. i do hope that they will bounce from the mid fork line and continue to rally.

To: jmac who wrote (5832)	2/7/1998 1:12:00 PM
From: Chris	Respond to of 42787

Subject: Why the markets will continue higher... \| Previous \| Next \| Respond \| To: Chip Carpenter (634 ) From: bobby beara Friday, Feb 6 1998 10:18PM EST Reply # of 638 Hi GZ (oops I meant to post to GZ sorry), I think your right. We are at the same overbought reading on the McClelland Oscillator (been there for three days now) that we were at on Oct. 8th, Dec 8th, Jan 5th, however this time is different -g-, we've broken to new highs convincingly on the S&P and people who are shorting this rally I think are going to run for the hills when Dow breaks 8300 (if it does on Monday). Some TA people say that extremely overbought conditions during a breakout phase can really make for powerful rallies - maybe because so many people have used this or other overbought indicators one too many times to short. We also had minor change readings on the Oscillator Wed & Thursday, which means a major move in the market averages within 2-4 trading days. Add in the Good feelings from the Winter Olympics and I wish I would of held onto my calls today =\|:-) bwdik bobby beara

To: jmac who wrote (5832)	2/7/1998 1:14:00 PM
From: Chris	Respond to of 42787

Subject: Tech Stock Options \| Previous \| Next \| Respond \| To: Patrick Slevin (34795 ) From: donald sew Saturday, Feb 7 1998 11:00AM EST Reply # of 34804 INDEX UPDATE ---------------------------- The short-term technicals are indicating that we could start pulling back as early as Monday, the latest being Friday. My analysis is now stating that this pull-back will not be a small one. By FEB expiration we could see 8000 or lower. Right after FEB expiration date there will be a small upswing of 1-3 days and then down again to at least the lows at expiration or lower. My first major support I see now in the DOW is at 7800, and the next one is at 7550. It is too early to tell if we will get to the 7550 range, but the possibility that we could get near/to 7800 is good. I am well aware that the majority believes that the market will continue up. Just look at the PUT-TO-CALL ratios on some of the major stocks like MSFT, DELL, CSCO, CPQ, etc. The CALLS far out number the PUTS. However, many do believe that the such is a contrarian indicator. I have been noticing severe overbought situations for over a week; however feel much strongly that the turning point is within days. I will be getting out of my OSX CALLS and going very strong on the PUT side. I will hold my current PUT positions in WFC and XAL. The BUY-IN day for the overall market is TUE/WED. Will be adding to my PUT postion starting tomorrow. On Friday when the DOW was around 8200 obtained DJX MAR 84's for 2 5/16. For the new positions I will be acquiring this week, they will not be that far in the money and may just go with FEB's. Seeya \| Previous \| Next \| Respond \| View reply to this message View SubjectMarksBookmark this Subject Return to Puts, Calls, and other Options One or more words separated by spaces: Subject Titles Only Full-Text Messages with Links <Picture> Send questions and feedback to webmistress@techstocks.com Terms of Use

To: jmac who wrote (5832)	2/7/1998 1:19:00 PM
From: Chris	Read Replies (2) \| Respond to of 42787

i will be answering all posts and stock request/opinoins by sunday. been bogged down a bit by school.. gonna spend time with the family today as well.

To: jmac who wrote (5832)	2/7/1998 1:25:00 PM
From: Chris	Read Replies (1) \| Respond to of 42787

Subject: "IDEA OF THE DAY"-Trading in&out for profits. \| Previous \| Next \| Respond \| To: Mike Battin (16920 ) From: IQBAL LATIF Saturday, Feb 7 1998 3:38AM EST Reply # of 16924 IBM and market philosophy-Keep talking to myself my strategies keep repeating my levels and stalking the resistance with an eye of hawk- Now look at IBM chart- we have a very tight range and a band between 96 and 112 with abreak to 88 once - now I will repeat my oft warning sentance that this is one hell of a configuration whichever side it breaks- now my break is very narrowly defined on the up let IBM close above 102 and this thing is game and let it break once on closing basis below 96 and we pull back to 88 level- so for me I will look at IBM in context of market and see my composite level I yesterday wrote about composite taking new high out and that exactly what it is trying to do 1692 a full solid move up with INTC and SOX not helping the compositie itherwise we would have seen it much higher- market is a feel and it is important to develop this feel - junk everything else live with levels think levels- now I am looking at HFX DDX BKX SOX SPOA DJIA TYX BIGPICTURE and history what happened in the past armed with all this I execute my trades. INTC TXN aresitting on July Aug 97 configuration where at these levels they broke on the upside we really need some good news emanating for future earnings Ifeel this market needs some more positive news to take out these historical resistances at 56 and 90 my 3rd level on INTC was reached the next day that was ninety it did not hold although TXN shied a bit short until INTC TXN stay above 86 and 53 Iam alright but below that I will be slightly concerned and book my profits on huge INTC and TXN position- I love these positions as I got in them the day we had someone writing about INTC below 60 and long at 55 I knew this is the turnaround as I saw SOXresistance at 243 I based my trade on SOX turning up to move on to 280 my first resistance others kept waiting for 190 on SOX- Now I will now watch like a hawk 301 break all these other breaks and put a strangle around this move down if it comes- don't you worry bears always are born to give money on platter to bulls- I wrote once and several times these markets since 93 are for longs one should always play it with that bias it is for this we will make it sure that market goes nowhere without us - up or down we play with fire and get duly rewarded now from here we are betting on 1748 and 1130 or 1640 and 1102 break- lets see Who dares win? Any which way the market goes you find Idea band wagon dancing with the wolves this is what I call trading without bias of 'bull/bear ideology-