The 56 Point TA; Charts With an Attitude 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 : The 56 Point TA; Charts With an Attitude

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: wmwmw who wrote (31244)	7/25/1999 12:37:00 AM
From: Doug R	Read Replies (1) of 79511

Wang, RNWK: ACT originated on 2/9/99. Close above IL on 4/13 and 4/14. IL value on 2nd day over IL on 4/14...112 1/2 with stock price high of 131 7/8. Returned to ACT 5/25. Value of ACT that day was 60 1/2. 131.875 to 60 1/2 is 54%. Fell below and messed around with it some before the RR to 97. 60 1/2 to 97 is 60%. Model verified. 7/20 low was right on the ACT. AMTD: No ACT. YHOO: No ACT. AMZN: ACT originated on 11/11/98. Closes above IL 1/5 thru 1/20. You woulda hated this one. IL value on 2nd day over IL on 1/6...122 5/16 with price at 137 7/8. Returned to ACT 2/17. Value of ACT that day was 92 1/2. 199 1/8 to 92 1/2 is 53.5%. Began RR almost immediately climbing to 142 3/4...54.3%. Then a funny thing happened...AMZN had one pullback after RR and went BACK over the IL on 4/26 and 4/27. You woulda loved this one. IL value at the time was 207. Subsequent drop reached the ACT valued at 131 on 5/14. It appears there may be no RR upon the 2nd violation of the same IL. UBID: No ACT EGRP: No ACT BCST: ACT originated on 12/3/98. Gaps over IL and closes over IL 1/8 through 1/13. IL value on second day over IL...75 with price at 142. Returned to ACT 2/10. Stopped 4 1/4 points short of ACT with price of 50 3/4 before RR. ACT value that day was 46 1/2. 144 3/4 to 50 3/4 is 64.9%. RR took it to 101.5...50%. It too returned to over the same IL after a pullback from RR on 4/5/99. 2nd day over the IL, the price high was 177 1/4. Returned to the ACT again on 6/15. ACT value that day was 89 1/4 which was also the low price of the stock that day. BCST DID have a 2nd RR after the 2nd IL violation bouncing to 145. % of drop on 2nd violation...49.6%. RR was 62.4%. It went 65%...50% the first time. Looks like it made up for the difference between that drop and bounce the second time. Well, that's enough for me for the time being. It's a stock that goes straight up and doesn't drop back that invalidates IL/ACT/RR. MSFT would fit that bill. The ones from your list so far have worked pretty well. Doug R

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next