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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (29228)	9/28/1998 4:39:00 PM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 94695

Agree on tomorrow being up. MUEI was expected to post 2 cents. Just reported 17. DELL and the rest of the boxmakers should sky rocket and push the NASDAQ over the 200 DMA. Looks like I'll get to buy those puts cheaper after all. <g>

To: William H Huebl who wrote (29228)	9/28/1998 4:53:00 PM
From: Skipperr	Read Replies (2) \| Respond to of 94695

Bill - I do value your independent thinking. Thanks for the description of the inverted head-and-shoulders. I agree. A couple weeks ago,I concluded that the best way to play this market was to get invested a certain %. Then, calculate the lowest reasonable level to which the S&P Cash could drop. Using a Martingale strategy, divide my total remaining investable funds into "units". Build these units in a pyramid structure for placing them into the market as it went lower to that lowest reasonable level, i.e., increasing the "bet" as the market dropped. Also, I determined at which level I would exit the market if it went up from here. As you can see from reading my plan of action, I essentially reached the same conclusion as you about the future market direction. It's a good strategy for me in that I can be removed from observing the market for long periods (days) and my wife can handle the orders. Thanks again for your most-informative posts. Skipperr