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: ACAN who wrote (35894)6/15/2000 2:31:00 AM
From: Doug R  Read Replies (1) of 79236
 
Allan,

Nice call on CXI. It's still looking very good.

Check out these lines on TCLN.
First line; the low immediately before the initial huge run to the lowest price after the run...12/15/99 to 4/17/00.
After 4/17 the price found support on that line again on 5/10. A bounce led to a dip below the line...a shakeout.
After the shakeout the price swung up to a first higher high on 6/7.
Second line; 3/7 high to 6/7 high. You should recognize the significance of that line. It uses the same dynamics as a MDTL only on a daily basis rather than monthly.
Note the intersection of the two lines and where today's bar is in relation to both the lines and the intersection.

2,1,2 stochs have set up an IHS. There's TC as of 6/12.
The 89,3,5 is sitting on a possible knee. Volume today increased over yesterday as price made a higher low than yesterday.
The 4,3,2 will follow the lead of the 2,1,2 on a breakout of that IHS. Tomorrow allows for the possibility of a last shakeout using the trendline intersection.
The 3 dBBs are very tight. When MENT broke out, it had tight BBs and uptrend support at 17 11/16 (maybe 23/32). It was in perfect position to use a BB washout in order to start the upper band higher with a dip in price. It did so with the dip to 17 3/4 on Tuesday.
TCLN is now in a position to do the same. A dip toward that trendline intersection will get the upper band moving higher giving price more room to jump without an extreme violation of that upper BB. It's a very tricky piece of hard right edge stuff but it comes in handy often.

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