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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (23367)	2/9/1999 10:29:00 PM
From: IQBAL LATIF	Respond to of 50167

James if they break 1210 they will hit 1192 or even 1180 but I have a feeling that 'the mother of all supports' at 1130 will not be tested.. I think that this a very healthy retracement, the rocket like movement of the market is never sustainable, the market is just coming home, fortunately we have stranglehold on the direction as we read markets full 18 hours ahead I try to look into unknowns and although my bias was break of 1255 but as it turned sour we could easily join the crowd a shade early to buy the puts when it mattered the most, for me going long in this market for SPH will only be possible now if I have a double close above 1228.I will rather move the goalpost to 1236.3 area. That is the area we will fail if a false dead cat upswing comes alongwith should see techs at 402 and BKX back at 772 DJT is also weak..If we take this out we will move up quite swiftly.. I will certainly advise some selective long at 1208 support with a generous stop at 1198.. Otherwise we stay and consolidate in this 1192 and 1228 band that may take a week or two but the markets are not going to stay here these momentum based markets will take out either the resistance or the support if 1192 is taken out on two consecutive basis I will like to think this thing goes and fills 1130. that is how I will play this market..