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: Chris who wrote (13579)	8/3/1998 1:06:00 AM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Last week I have seen evidence of quick profit taking. This explains why stocks like INTC did not go anywhere, and if this was the bull market that we have become familiar with, these same stocks would of broken out into an uptrend. So if there is a rally, IMO there will be profit taking. For those that hold out, once the intraday momentum slows, more profit taking will ensue. I think it is unlikely that significant gains will be held. Perhaps any stock that may be temporarily pulled out of the crapper (a new technical term I am using) by a rally can be considered a PUT candidate, particularly if the rally brings it up to a point of significant resistance. This may be a trading strategy worth considering. Bob Graham