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: Chip McVickar who wrote (13540)	1/24/1999 7:36:00 PM
From: SE	Read Replies (2) \| Respond to of 44573

It will be interesting to see if it holds. Everything I have and my study from this weekend says we go lower. If I had the nads I would short one on globex, but instead I think I will wait till tomorrow. If we open limit down or something I will be bummed, but better safe than sorry. Let's see what tomorrow brings..... -Scott

To: Chip McVickar who wrote (13540)	1/24/1999 7:51:00 PM
From: set	Read Replies (1) \| Respond to of 44573

By definition, a double bottom can't be identified until it turns up. What's more prominent in that chart is the triangle which formed on Thursday/Friday. Since it broke to the downside, the implication, I believe, is continuation and projects a move equal to the one off the peak on Wednesday. But if it turns up instead, then it's a double bottom, and as GZ likes to say, I didn't write this. Shahar