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: Electric who wrote (49619)	8/10/1998 3:04:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

Electric, My original position that the top of this short-term top to arrive TUE/WED. If the highs on Friday then I would have ammended my time frame to MON/TUE, but it didnt so Im still with TUE/WED. I realise it is hard for many to understand, but my analysis is more based on time than it is price. Lets say we only runup 75-100 points by TUE/WED, but we are still below Friday's highs, and we reverse downwards on WED. Most will then say that the top arrive Friday, but per my technicals the top would have arrived TUE/WED's highs. Im trying to incorporate price targeting into my projections but the key to identifying the top is the first flat or down day after the technicals get overbought. >>>>> What is your take that after such a big drop that we didnt eat it all up in one session, in fact it has been a slower steady move up<<<<<<< My initial position is that this rally may not be as strong as it was in OCT, however the real issue is how much of the dump did we regain in this initial upswing - feel that is more important. After the OCT dump the market regained about 70% of the total downswing over the course of 6 days, before it retraced. No change, but if there is no further/little movement to the upside it would indicated that this upswing is weak. Seeya