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: Trey McAtee who wrote (51860)	9/9/1998 7:15:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

Trey, >>>>>>>>>>> so, are we in a trading range or a bear? <<<<<<<<<<<<<<< As I indicated in an earlier post, ther are now 3 support lines at 7650, 7500, then the big one at 7400. Since we did set a HIGHER HIGH by breaking 8952 to the upside, it implies that in the forthcoming downcycle that 7500 is the main support, and that 7400 should hold. For later downcycles-it is now too early to tell. The CLASS SELLS on Asia are working, and after some checking the liklihood is that the Asia market should continue down for 2-4 more days(may not be straight down but with oscillations to the downside). For the short-term I have the trading range set at 8100-7500. But here is something that needs to be watched carefully - my guitar is saying that if 7500 is broken in this immediate down cycle a massive selloff could occur breaking 7400 easily and dropping to 7000 range. Seeya