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: Cyrus who wrote (5950)	11/10/1998 2:59:00 AM
From: Doug R	Read Replies (1) of 7247

Darrell, I suppose there are similarities in this method to Andrew's pitchfork. It's a bit more situationally specific though. The main similarity comes in the target projection side of the method which is really too involved to get into here but I can say that target verification comes out of the use of small scale bisections of breakout support using lines from a low to a high. CPU failed its attempt at such a breakout on Friday so it was in no condition to move unless it gapped over the line at the open on Monday. Combining this method with trend line intersections allowed me to nail IFCI's move to the day last week as well as the 330 point move up on the Dow on Sept 8 and the 1.2 billion share turnaround day on Oct. 7. Doug R

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next