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: Jan Robert Wolansky who wrote (35791)	12/30/1998 4:47:00 AM
From: Bull RidaH	Respond to of 94695

Jan, When 1237.5 SPX didn't hold on the close, I covered the SPY @124.313 for a .5 loss, and am looking to buy the Dow call back in the a.m. After reviewing the intradays this evening, the bottoming pattern from the last 2 days targets 1253.10, and we would run into Elliott Wave Resistance at 1257.6 if we managed to get through the first target, which i don't think will happen right away. So I plan to buy some longs for the 12 pt. ride to 1253.1, and will probably begin to unload when we get there. As for shorting, I'm going to make it give me a wedge top or a symmetrical triangle or diamond reversal pattern before I take the plunge. This stopping out bull$!tt is getting real old, and we do happen to be in a raging bull market here, so what am i doing trying to be a hero? I'm not shorting again til I can count the number of freckles and pimples on Carl's bare A$$!! <G> Regards, David