SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ivan solotaroff who wrote (32924)12/6/1999 4:34:00 PM
From: Doug R  Read Replies (5) of 79202
 
Ivan,

HNV,

For the 1/99 high to be a MIM it would only be so in using the 2/98 peak as the reference. The problem is that the low coming off the 1/99 high is lower that that of the 2/98 post-peak low.
The 1/99 peak is now the active reference high and HNV has a possibility to set up a proper MIM here.......if it goes higher. Then you get the pullback over several months from the MIM and the wait for the price to break over the MDTL.
It could be a while for all that but in the meantime there'll be some good opportunities for some short term trades on it. Just buy low and sell high >gg<

Doug R
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News