Amati - MAIN THREAD 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 : Amati - MAIN THREAD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: vtran who wrote (647)	7/10/1996 12:59:00 PM
From: Jim Roof	of 700

vtran: SUNW does not show the classic H&S pattern. It has rallied on weak volume but it has consolidated on the way up to where it is. I would not treat it as a H&S top. Of course, this does not mean it will go up or down - it just means it's not predictable. A good H&S will have a big rally after a good runup on high volume followed by a pullback, then an even higher rally followed by a dip that should be below thte top of the first rally - then there will be a third rally on WEAK volume that fails to reach the height of the second rally. Watch the chart now and if the next dip penetrates a trend line drawn through the two lowest points of the dips and closes about 5% below this line - you've got a H&S. Look at VTSS chart and it will be clear. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next