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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: ACAN who wrote (36519)8/15/2000 2:04:25 PM
From: Doug R   of 79352
 
Allan,

siliconinvestor.com

There's no MIM since the '99 high so the downtrend line isn't a MDTL.

There is, however, an ACT from 7/31 to 8/3 preceded by a good head and shoulders formation from 6/7 to 7/31. A volume supported move over the high of the head (13 1/8) would be a signal that it's going to make a run at the IL.
It would be nice to catch a run over the IL then reverse position for a return to the ACT then reverse again for the RR.
I think that's a plan. Thanks for the heads up.

TCLN appears to be doing the compression bottom thing here. One to keep an eye on.

TECD is moving past the "just getting started" point.

Doug R
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