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: donald sew who wrote (53683)	9/23/1998 9:10:00 PM
From: HiSpeed	Read Replies (1) \| Respond to of 58727

Right now the P&F thread sounds rather bullish....fwiw

To: donald sew who wrote (53683)	9/23/1998 11:00:00 PM
From: Broken_Clock	Respond to of 58727

gosh, donald, I wonder what could derail this DOW bull?...Can anyone say DERIVATIVES!!! Message 5826544

To: donald sew who wrote (53683)	9/23/1998 11:02:00 PM
From: HairBall	Read Replies (1) \| Respond to of 58727

Donald: I guess I am going on record as supporting your position. Seems many are ready to climb aboard the bull bandwagon. Many were late to recognize the downturn and now are eager to dismiss it! I went to cash above 9000, so I have a buffer before I would take a loss if this rally is the resumption of the Bull. I am a fairly conservative investor and prefer to preserve capital and risk leaving some money on the table. Often, I hear comments about indicators that have been refined in a bull market and may well be out of tune to a bear. I developed a set of cycle analysis indicators in the mid eighties. I couple them with time/sales/volume analysis to give me entry and exit signals and to identify trends. This is my own stuff as is your Guitar Analysis! I have been using it (with refinements) since before the 87 correction. They do not project price but do identify trends. Note: They were not developed for intra day trading and use theoretical end of day data. Since moving back to Day Trading a few months ago, I have not yet adapted them for intra day. Now having said all that: The Dow Utilities has definitely triggered buy signals from all four of the cycle indicators and this is significant. But I believe it must have confirmation from the Transports and Industrials. For now, I have the Dow Industrials, Transports, NYSE Composite, S&P 500 Composite and Russell 2000 in BEAR RALLIES until I get further signals! I have the low of 8/11 much lower, but agree with the 8317 resistance area. I have it ID'd at 8325. It is a good medium along the lows of August and is the one-day projection I get on the current upper ascending trend line. I agree this resistance is important! Additional significance is the NASDAQ Composite and the S&P 500 closing above their respective 200 day SMA today. Note I have the Dow Industrials' 200 day SMA at 8552.49 as of today's close! As far as AG decreasing interest rates, the market is going to do what it will. Pundits will use whatever event is convenient to use as the catalyst, reason or excuse! The Market after topping in August of 87 and dropping, rallied into the first week of Oct 87. Money was there to be made short term, but many thought they were getting back on the Bull train and failed to see the train wreck that was coming! BWDIK Regards, LG

To: donald sew who wrote (53683)	9/24/1998 3:16:00 PM
From: HiSpeed	Read Replies (1) \| Respond to of 58727

<I also have the short-trend trendline slightly above todays close at about 8200. On the chart, its hard to tell exactly, but I should be within 25 points. Since it is so close, the chances of breaking it is quite likely.> Don, I recall you mentioning Wednesday that you expected an intraday top to form today - did that occur this AM just after the open (djia high of 8182 just after the open)? Was the 8200 point you refer to a resistance level?