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 : Stochastics -- Ignore unavailable to you. Want to Upgrade?

To: Jason Loren Bauer who wrote (471)	4/7/1998 4:38:00 PM
From: Wayners	Read Replies (1) \| Respond to of 927

I hope haven't created any confusion on this thread. "Sell" means sell existing long positions. Unless I explicitly say "sell short", a "sell" means sell existing long positions but do not go short. A "sell" will occur on an uptrend. A "sell short" will appear on downtrends. A "sell or sell short" will occur on neutral trends. Likewise a "buy" means go long while a "buy to cover" doesn't mean go long at all. It means to simply cover open short positions. Again, I'm taking into account the current short term trend. Here's the actual post I made about LSI yesterday (6 Apr.) Its only a sell. Because of the high volatility, those wishing to take higher risks can short it and its got a good chance of making money. On LSI the major support and resistance levels are $27.50 on the upside and $23.25 on the downside. A break of $23.25 goes to $22.50. <<LSI Last signal sell on 6 Apr. Trend is up but volatility is high and its doing the countertrend drop. 5 day stochastics crossed through the middle band to the downside. Can also write out of the money calls because its at a volatility peak.>>