SI
SI
discoversearch

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: Stoctrash who wrote (46801)6/25/1998 12:56:00 AM
From: Stoctrash  Respond to of 58727
 
Richard, Don, TT, Pat, & Voodo Queen,
Did a little diging tonight on that OTC/Naz signal and what I found is that the NH/NL ratios and the lack of DECREASE in NL's and lack of INCREASE in NH's is whats holding that signal back.

From looking at the data...it seems we'll need a few MORE days of VERY Good NH/NL numbers for it to trigger. The core of the signal says to be FLAT...and these filter deals on the NH/NL's are showing RED or still in the sell mode...keeping the signal in sell mode also.

on another topic....
Lisa, after looking back on past patterns of the Naz SRV I find 2 senerios:

1. We blast off from here. A stair step trend up and a huge uptrend follows. Normally this will happen after a prolonged selloff or VERY OVERSOLD level...not a normal or mild one as we recently had.

OR

2. We Peak anytime now and sell off for a about 1-3 weeks, support at the recent lows would be key and as Don pointed out, not likely broken anytime soon. If they were to be broken over the next few weeks (fat chance) then things turn very bearish.

so basically I don't have a clue where we go...but the move should be pretty big so a straddle or volatility play might be in the cards options wise. I'm pretty sure we just don't stall here...but if we do it will have an upward bias based on past patterns.