The Justa and Lars Honors Bob Brinker Investment Club 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.

Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread

VTI 335.84

0.0%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: rsie who wrote (2962)	5/20/2004 5:59:55 AM
From: Justa Werkenstiff	Read Replies (3) of 10065

Rich: Yes, it does look like a complex head and shoulders with the two right shoulders. Volume seems to line up. There is a question in my mind as to whether there was a neckline break (depends on how you draw it) and the volume on the possible break is not there ...yet. And to be a confirmed head and shoulders, there must be a decisive break of the neckline. I do not see it ...yet. However, I note on the weekly and daily charts that it is oversold... more so than the market. And it is resting on the weekly lower bollinger band. So the question is then is this a consolidation move where it goes back up (in a channel?) or is it the beginning of the end for this issue? I guess I would wait for the broader market to bottom before making that assessment. As I have posted on Investor's Hub, I don't think it has yet. Yet, I think the sale at $70 was excellent and looking at a longer term chart it was a sale in the same area of the highs during bubble time and at the highs of a longer term trading range.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next