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: ivan solotaroff who wrote (33480)	1/15/2000 2:33:00 AM
From: Doug R	Read Replies (3) of 79195

Ivan, BRKT: Yes...it's a whosis alright. Message 12386685 There was a MIM in early '98. The BO was followed by a harsh retest all the way back to $10. You can see where volume kicked in on the move off the MDTL there in early '99. THAT was the buy signal. The subsequent pullback to 11 may have violated the 89,3,5 rule thereby nullifying the formation (I think I recall checking that out and the 89,3,5 held. I'll double check this weekend). The lower peak on the BO can be interpreted as a reference high as well. The move in early '99 can then be seen as another MIM with a more "confident" BO in Dec. '99. It's been a stubborn one but significant acceleration should start now. If the 89,3,5 did hold after that first BO, BRKT may be the first double MIMBO I've seen. That's an intriguing thought. Doug R PS: Am seriously stalking TALK for the "arrangement". The 4,3,2 stochs reach temporal clearance on Wed/Thu next week. By then, IFMX should be in the bank and I'll apply the appropriate leverage to TALK. But...as with the dynamic nature of things in the market, something else may come along by then (BRKT or some other such chart) so I'll remain flexible...as always.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next