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 : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (10802)	12/3/1998 2:26:00 PM
From: The Jedi	Read Replies (1) \| Respond to of 34811

Well I was looking for a quick and put the profits into long term trade. Yesterday big blocks were selling MSFT DELL and big NASD stocks. Watching the SPX (making a triangle) looks like we are putting higher bottoms on the 30 min. I think we are correcting sideways instead of the expected deep correction. So most likely we should break to the upside next week or there after. I told you about CPQ breaking resistance. ETEC broke thru today. You know anything about this. 21 mil small float 95% held by institutions. I have a similar strategy as yours. Instead of leaps I just get a few calls 2-4 months out and then sell half at each price double. If you see anything interesting let me know. Kiri