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Technology Stocks : SILICON STORAGE SSTI Flash Mem
SSTI 6.800+2.4%Dec 5 9:30 AM EST
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To: Ram Seetharaman who wrote (417)8/20/1999 9:22:00 PM
From: Carl Held  Read Replies (2) of 1881
 
Technical analysis.....DOUBLE TOP

From technical analysis, this stock is forming a classical DOUBLE TOP. The DOUBLE TOP formation is bearish and often follows an initial SELL signal resulting from the penetration of the steepest rising trend line in an accelerated growth phase. After the breakdown from the initial top, price struggles back for a second top, then breaks down again, failing to overcome the overhead resistance.
It is best to get out at the first SELL signal, as it may be the only warning you get. It is a bad idea to wait for the second top, because it may not happen; however, the move toward the second top can provide another opportunity for the recalcitrant stockholder to exit the position with most of his/her profits in tact.

Good luck to everyone.
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