SILICON STORAGE SSTI Flash Mem Message Board

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Technology Stocks : SILICON STORAGE SSTI Flash Mem

SSTI 6.800

+2.4%

Dec 5 9:30 AM EST

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To: StockHawk who wrote (988)	10/1/2000 7:41:09 PM
From: unclewest	Read Replies (2) of 1881

hi stockhawk, everyone reads charts a bit different...is this case i am using o'neil's high low formula. here you want the mid point of the handle to be above the mid point of the cup. take the cup pattern's absolute high price and the absolute low. in this case i have 34.875 and 15.75 next take the average of the high and the low of the handle. in this case i have 34.875 and 25.5 for an average of 30.19. this is clearly nearer the cup high than the the low. volume is another indicator...according to o'neil you want to see delining volume before a breakout...ssti average daily is over 4 million shares...it has only made that figure twice in the last 8 days. i would also repeat that to stack the odds in your favor...o'neil says to buy this particular formation at the breakout point which is 35 imo. that is my interpretation of the TA part. i got in early because of the FA part...the news is awesome imo. uw

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