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 : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: MMK who wrote (8747)	2/17/1999 10:45:00 PM
From: AlienTech	Respond to of 43080

Be calm, dont panic! Dont do an AT and short LCOS @ 77. I might actually be able to cover for a small loss? As the big kahuana says in Ikese.... After seeing the break of 392 on SOX and 1223 on NDX, I sold SP9H 1300 for 11 and 1/2 and purchased 1200 at 26 and chnage.. I covered in the last few minutes of SP9H closing, as I saw SP9H bouncing off the 1226 support, it is still below 1235 and a cloase at these levels does not bode well for the market, we will slip to 1192 minimum..If we take out 1235 today we will consider this break as a false break, on SOX I think we will hold this support..1228 is a trendline support and one needs to watch it carefully however it is closing below 1235 that would matter as 1255 will establish a resistance. The sell programmes which hit the market is testing the soft hands, and as you notice that I raised this issue on SOX breaking 392 area when market was moving higher, as I know the psychology behind these moves..