Position Trading Forum Message Board

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 : Position Trading Forum

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: EaglePutt who wrote (5594)	11/8/1998 10:33:00 AM
From: Logistics	of 7247

EaglePutt, Here is a post by Doug on TA thread regarding PRMS: First, another example: PRMS broke out of an IHS on Tuesday. It retested the breakout in classic fashion and moved off the retest on excellent volume. The dates for the neck line on PRMS are along the highs on 9/9/98 and 10/20/98. PRMS is going to a min 17 very quickly. The trend lines supporting it are along the lows on 10/8 and 10/16/98 and the acceleration from the low on 10/16 to 11/5/98. The move off the retest occurring off that 2nd anchor of the acceleration strongly suggests a new acceleration is starting. Entry is advised here since the downside would be pegged by the 10/16 to 11/5 line which offers minimal downside risk if used as the stop loss trigger. I couldn't have said it better myself. JL

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next