The 56 Point TA; Charts With an Attitude Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Doug R who wrote (36589)	8/21/2000 2:22:01 PM
From: Doug R	Read Replies (4) of 79313

Yeeesh! Watching the Yahoo AINN message board. Very animated today. Blackjack's going through the same stuff I did when I first brought IL warnings to other threads on SI. I'm glad I don't do that anymore. The main reason I did so back then was to communicate to people that their enthusiasm about a stock priced over the IL would get buyers at that level in trouble. NEVER buy a stock over the IL. Now that AINN is putting in a HEAVY volume reversal day and is on its way to the ACT, I've noticed that there's a bit of "stubbornness" in the 22 1/2 area today. That area happens to be where the RR targets the bounce off the ACT later. I would expect RR to top out quickly there based on current stubbornness. Also...Once a stock has topped out, retraced to the ACT, bounced to the RR target...a triangle is established. If AINN's chart is to avoid the supply/demand mess that is the usual result of IL/ACT/RR movement, it'll need to break out of that triangle to the upside. Failure to do so would mean that all the various interpretations of the currently known FA that "predict" AINN to be a "wonder stock" are faulty. That's just the way it is. Doug R

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next