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.
Non-Tech : The Critical Investing Workshop
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: lindelgs who wrote (8368)3/20/2000 11:01:00 PM
From: Jim Willie CB  Read Replies (2) of 35685
 
TA on TERN: a severe correction that is ending

what a selloff! wow! from 275 to 175
it finally filled the 170-210 gap
kinda makes one a believer in the inevitability of gapfilling

it careened thru 18MA at 230
it careened thru 30MA at 200
it now is negotiating with 50day MA at 175
prior support at 160 should be felt from back in February

money flow is actually not too bad right now
it exceeds the flow from early Feb

relative strenk is stinkypoo, declining each day, worsening

daily stochastics are none better
not even a sign of crossover (improving closes)

I suspected this story was a pumpydumpy back in Feb
had a double top of 275
they may be planting seeds for sCDMA static free cable operations
but I question where the profits will come from when they are giving away so much
dont want a debate of profits
must have seeded a profitable engine in future years so sure

but for now, it is having trouble finding its feet
the 50MA needs to work its mojo
the 160 support must work its power also
(e.g. anyone who sold prior to the massive Feb run from 160 to 275 now has a second chance to climb aboard)

I suspect the downside is NOT over
I suspect the 150-160 level will succeed in supporting the fall
the decline has been so momentous that it is likely to overshoot support

look for an intraday bigass bargain perhaps under 150
but I think 150-160 will hold
then comes the resumption, with slower growth rate
/ Jim
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