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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (6870)	2/22/1999 9:56:00 PM
From: Challo Jeregy	Respond to of 99985

st, re The problem is that with volatility like ours, in 3 weeks I may be whip sawed to pieces :( That's why I'm in cash now. Sorry to hear about your losses. I understand. Thought about shorting IBM last week. Yesterday, TA said we go down. But buy-the-dippers don't look at TA :-(

To: Sun Tzu who wrote (6870)	2/22/1999 10:03:00 PM
From: donald sew	Read Replies (3) \| Respond to of 99985

INDEX UPDATE ==================================== I will be initiating more PUTs at tomorrows highs. No, Im not buying with 2 hands just positioning myself on individual stocks which have hit extremes. By Wed the market should start to see some profit taking. Whether it turns into a bigger pullback - I dont know. Also it may not react immediately but could. We could see flatness for a few days before the selling starts but do not think the market will get much higher than tomorrows highs for this immediate short-term cycle(1-5 days). Many had anticipated a pop this week and I think we may have gotten it all in one quick lump. If the market internals do not improve immediately and dramatically then the market should start reversing tomorrow or WED. Tomorrows highs should be close enough to this short-term top. DOW - CLASS 1 SELL OEX - CLASS 2 SELL SPX - CLASS 3 SELL NAZ - MID RANGE RUT - MID RANGE BKX - CLASS 1 SELL DRG - CLASS 1 SELL Seeya