P&S and STO Death Blow's 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 : P&S and STO Death Blow's

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rick Faurot who wrote (621)	5/20/2002 1:22:40 PM
From: Jeff	of 30712

yes....many times triple tops lead to breakouts.... but in the case of AMAT and INTC....since both are leaders in semi stocks.... looks like the mm's set them up to confuse the chart readers... INTC double top ruled....highly unlikely AMAT breaks its triple top at least today.....they left everybody guessing which top would be the one to hold... they sure sucked alot of buyers in AMAT and semi stocks friday when they ramped INTC to near its double top on friday close.... GE is also under a big triple top that may not ever break out... double tops and bottoms are easiest to play.....triple tops and bottoms i would look at similar stocks in the sector to see what their chart is doing to confirm a chance at a breakout or failure....

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next