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 (33684)1/27/2000 2:26:00 AM
From: Doug R  Read Replies (2) of 79227
 
Ivan,

The two possible, forward looking, aspects of ROHN's tendency to close in the lower half of the daily range more often than not are:

a.) upward price movement here is some heavy handed distribution going on...in which case it is wisest to pay attention to the suitable uptrend support line

b.) upward price movement on significantly higher than average volume indicates that supply is being well chewed up by demand as a shift in institutional positions is taking place...in which case there is very likely to be a dramatic shift in the relative closing position as supply diminishes to the point where a smaller amount of buying would be capable of moving the price upward to a greater relative degree.
_____________________________________

There's definitely ACTish activity going on....yep. The target is still 6 in any case. I'll sell on the way up so I don't have to beat any possible pullback swiftness that sometimes accompanies stocks that jump quickly.

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