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 : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (37176)	3/23/1998 12:57:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

well I dont know about that...but we may trade within fridays trading range...which means break out (well when havent we broken out lately)...its been along time since we did that as we always seem to be making new highs.... going to keep a watch on it the times that MIA Kevin looked it always broke out after that trading range.....

To: donald sew who wrote (37176)	3/23/1998 1:04:00 PM
From: Patrick Slevin	Respond to of 58727

Exactly. Now you have it! All kidding aside, the opposite of an "outside" day is an "inside" day. An I. Day is completely encompassed by the trading range of the prior day. So using the DJIA range from Friday as being 8800 to 8906, if today was an I. Day it would stay "inside" that range......no lower than 8800, no higher than 8906. Now Thursday was an O. Day because the high was 8803 on Wednesday. I'd like to get into it more but I am stepping out. If you have access to a book by Pring on Market Momentum he touches on the topic. I imagine it's well written about in other books. It's usually looked at for Momentum. I think there is a similar point made in Candles, an Engulfing something or whatever you guys call it.....An Exploding Bozo, I dunno.