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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (19636)	2/25/1999 3:16:00 AM
From: Chris	Respond to of 42787

good job L3... For the market, I expect a slight retracement and I'm also hoping that trendline for the DOW will hold.. The one that you drew and posted on the MDA website. Again, I'm expecting rally to new highs next week.. But today was a good "effort" by the market. We need to "chip away" that resistance point. FDX went sky high and also SEBL. Great trades today. Looking to buy on dips.

To: Lee Lichterman III who wrote (19636)	2/25/1999 3:29:00 AM
From: Chris	Respond to of 42787

* doW CHART geocities.com my interpretations...

To: Lee Lichterman III who wrote (19636)	2/25/1999 3:46:00 AM
From: Chris	Respond to of 42787

FDX TRADE UPDATE: I'm going to use the same original chart for FDX: geocities.com But today in the morning, it broke out (along with the transports)and went to a high of 98 (closed slightly under 84) Now.. the point in looking at the chart is that I also drew a upward cyan/blue line. What is that for? That was my "TAKE MY PROFITS TARGET LINE". Of course, I wasn't expecting FDX to go 8 points intraday, but when it hit that CYAN blue line and failed to go higher, that is when I took profits. So essentially, I got the entire intraday move.. Using this "top" trendline technique, you can pick tops and put a sell-limit order 1/4 point below it and essentially you're out at the high. I also did this same technique for a Merck (MRK) trade where I put a sell limit at 81 7/8 the other day and it got filled. ================ I expect FDX to fill the gap that was created today and then continue higher once again as the market rallies early march. It will probably fill that gap though..