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 : Shorts waiting to happen
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Maynard E. "Buzz" Mills who wrote (287)7/19/1996 2:56:00 PM
From: Elliot Fabric   of 852
 
Buzz, Viasoft looks like a double top. The valley is quite deep but the time between peaks is short. Ideally a double top has a long flat period between the peaks. Here the depth of the valley may offset the almost nonexistent time between the peaks. The bad news is that a substantial move has taken place by the time a double top is identifiable. The good news is that it is a major reversal and is likely to continue for some time. Whetehr or not it is a double top, the chart looks quite weak. The second peak failed to definitively exceed the first and it had duller volume. I wonder if the right shoulder of a H&S reversal is still forming with a neckline at 32. That is what I would keep an eye on. You called this one correctly and if it turns out to be a H&S, there is considerable downside despite the fact the stock has had a major decline.<br> <br> Good luck, <br> Elliot
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News