SI
SI
discoversearch

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 : MP - Market Pulse
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Daveyk who wrote (1178)8/9/2001 12:21:45 PM
From: HairBall  Read Replies (1) of 1328
 
Dave kilty: MCD is trading in a sym triangle off the Mar low. Any intraday trades should be made with an eye on the triangle. Intraday, if the market moves up as I suspect, MCD will likely follow. Sym triangles most often break in the direction of the trend from which they were formed. However, they as all patterns are not 100% and sym triangles are one of the more likely patterns to be in play at the time of a trend reversal. A break above the falling resistance line from the Nov 00 high would be a big hint as to if the triangle is going to break up...<g>

MOT is trading in a rising wedge off its 4/6 low. This would make a long more risky at this time, but you may be able to trade the oscillations inside the wedge, keeping in mind a break to the norm would suggest at least some retrace of the wedge.

Regards,
LG
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News