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 : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (8603)	11/15/1998 12:05:00 PM
From: SE	Read Replies (2) \| Respond to of 44573

Found this chart in a post by Arik T.G., someone whom I read regularly. the-privateer.com Classic TA states that once a trendline is broken, typically you get a rise back to the trendline and that is the perfect place to short. Unless classic TA is wrong :), we are now in a perfect shorting opportunity. I would agree there is a chance for higher prices near term, but not much higher. The trendline can be violated to the up-side slightly, but then down we go. I kinda like the call for 1150-1160 and then down. Not sure how I am going to play this, but I may just wait for a sign to get short and skip the long side. There might be more risk than it is worth....as we could go down from here. My bet, AG cuts or doesn't....doesn't matter...and we go down. Rise into the news. -Scott PS - OJ, could you please give the P&F read of this chart? I don't know P&F. the-privateer.com