Stock Attack -- A Complete Analysis 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 : Stock Attack -- A Complete Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dawgfan2000 who wrote (36276)	11/24/2000 12:14:48 PM
From: Paul Shread	Read Replies (2) of 42787

Dawgfan, I highly recommend Edwards & Magee's Technical Analysis of Stock Trends. Worth $52 on Amazon. The BA broadening pattern (three higher highs interspersed with two lower lows; can also have a flat top or bottom) isn't perfect; you need to use the 9-13 high and 9-19 low to call it. The 9-26 top, 10-12 bottom and 10-31 top complete the pattern. The fourth high, at 69.50 on 11-21, did not take out the 10-31 high of 67.88 by the required 3% (2.0364 + 67.88 = 69.92) to be bullish, so the pattern should be viewed as bearish. The top may already be in. The predicted move would be 67.88-54 (previous reaction low), or 13.88 points, which would make the minimum downside 40.12. That move would only be predicted by a close below 54 by 3%, but I'd take any failure below 69.92 as bearish. Good luck. Paul

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next