SI
SI
discoversearch

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: Tom Trader who wrote (9858)12/9/1998 10:30:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
<only a nominal move over 1200, if we get there.>

If the patterns I have are right we will blow through it very quickly. There won't be time to get a "good" entry afterwards.

There will be a period of consolidation....maybe a half hour, maybe an entire afternoon or morning, then another move much higher, faster, and of longer time duration. (Faster, as in terms of point gains).

Then most likely a sharp selloff at the end of the week much like yesterday afternoon, as people square off for the weekend as they go shopping for the GI Joe with the Kung Fu grip.

Of course, this is all just a hypothetical guess.



To: Tom Trader who wrote (9858)12/9/1998 10:36:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
It seems a bit early but I'm setting up for a buy.

Jeez, SI is dying on me again.



To: Tom Trader who wrote (9858)12/9/1998 3:35:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 44573
 
My a/d numbers will turn negative today. I'll be putting a stop below yesterday's low and let it run or I'll be booking my long position trade if the stop is hit. Time is running out, there's no buying pressure left. In fact, it's beginning to turn negative. Maybe tomorrow we'll have a rally and keep the trade alive.

Later...

GZ