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.
Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Baywall who wrote (203)7/6/2000 11:06:42 AM
From: Baywall  Read Replies (1) of 210
 
Long term monthly chart shows a large symetrical triangle which started about April 1998. Connecting the tops and bottoms by lines, creates the triangle. There was a breakout in Feb 2000 when high tech was mentioned. A pullback, with the lowest bar just touched the top line of the triangle which did not re-enter the triangle occurred. Throughout the formation of the triangle, trading volumes were not irregular-a good sign.

A major turn often gives some kind of recognizable reversal formation on the chart. (Edwards & Magee). Technical Analysis of Stock Trends [New enhanced edition]. Looking at the chart on page 225, the stock price went up after the triangle was formed.

Any 2 year pattern, if proves itself, would be a very strong signal. I am not into picture analysis, but this is an interesting subject nevertheless.

Views would be appreciated.
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