SILICON STORAGE SSTI Flash Mem 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.

Technology Stocks : SILICON STORAGE SSTI Flash Mem

SSTI 6.800

+2.4%

Dec 5 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: unclewest who wrote (948)	10/1/2000 6:48:01 PM
From: StockHawk	Read Replies (2) of 1881

>>in his book "24 essential lessons for investment success", o'neil, in chapter 11, describes the perfect cup and handle. he describes precise parameters to look for in a break out cup and handle formation. he describes the wedging up prior to the cup formation...the cup formation...and the handle formation, and the exact detail to look for in the handle. somewhere in the book (i looked but could readily locate the page.), i believe o'neil explains that 12-16 weeks is the proper time for this formation to develop... ssti... now needs to get over the highest point of the handle which is 34 7/8 set on 29 august...in other words 35 is the breakout<< Hi unclewest, Some more thoughts from O'Neil on the chart pattern: In his more substantial book "How to Make Money in Stocks" on page 162 he notes "One of the most fundamental chart-based price patterns looks like a cup with handle...Cup patterns last, in time duration, from 7 to as many as 65 weeks (most are usually three to six months)." SSTI's cup was formed in 6 weeks. As for the handle: "The forming of the handle area is usually more than one or two weeks in duration..." SSTI has been forming a handle for 4 weeks, so far. "A price drop in a proper handle should be contained within 10% to 15% of its peak unless the stock forms a very large cup...downturns in handles exceeding this percentage during bull markets look wide and erratic and are, in most cases, improper, excessive and risky." As you stated the handle high point was 34 7/8. The low was 25 1/2 on 9/22 which represents a 27% drop. StockHawk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next