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: robin 187 who wrote (53473)	9/21/1998 10:00:00 PM
From: Alski	Respond to of 58727

Robin, An on-line TA book for starters: equis.com You'll find the hammers, dojis, and stars, and the like under "Candlesticks, Japanese" A good reference for triangles, flags, pennants, and the like can be found at: chartpatterns.com Alski

To: robin 187 who wrote (53473)	9/22/1998 5:38:00 AM
From: MonsieurGonzo	Respond to of 58727

robin; RE:" T/A References " >could you please suggest an easy read book that would explain alot of this TA and it's terminology. Technical Analysis of Stock Trends, Edwards & Magee, 7th ed. Options As A Strategic Investment, McMillan. Candlestick Charting Techniques, Nison (introductory text) and Candlestick Charting Explained, Morris (intermediate text). >I bought AOL Oct. 100's this morning at 5 5/8.... the bid is now 8. I also bought WFC (Wells Fargo) Oct. 330's at 12 3/8... the bid is now 16 3/8... ...very nice entry-points for those trades, Robin; congratulations. >I was tempted to sell at the close today but thought we might get some follow thru tomorrow morning at least... ...more likely than not, Robin. Probable scenario for tomorrow is to open UP and sell DOWN from there. >what are you saying in laymans terms is developing in the different sectors for tomorrow or the next couple of days ? IMHO, the U.S. stock market has four sector "legs" to stand on: NF.X - Financials include BKX.X IUX.X XBD.X sub-sectors RLX.X - Retail such as WMT HD WAG, etc. "consumer" DRG.X - Drugz MRK WLA SGP BMY PFE LLY JNJ AHP/MTC AMGN MSH.X - TechStox MSFT/SAP INTC/TXN AMAT DELL/CPQ EMC AOL/YHOO CSCO/LU NOK.A/ERICY and other large-cap Tech Stocks. ...all I am saying is that the short-term trend is now UP again; the intermediate-term trend remains DOWN. I believe that we will trend UP in the short term until the DownTrend Line on SPX.X - S&P-500 Index is tested. On my charts, Robin, I draw trend-lines not only from the "tops" of the daily bars (which is typical) but also from the "closing prices" of the daily bars (which is more conservative). Using closing prices, the SPX.X DownTrend target is around ~1030. Using "high" prices, the SPX.X DownTrend target is around ~1045.6 tomorrow. -Steve