Ask Vendit Off-Topic Questions 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 : Ask Vendit Off-Topic Questions

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Carolyn who wrote (3045)	12/26/2004 11:28:34 AM
From: Vendit™	Read Replies (1) of 8752

Carolyn, So as not to be confused with spamming <g>, this is a repost from my earlier post to my friend, David Stockwell on the SIRI thread this morning: Message 20888675 As for SIRI, I like the story behind the stock. As you know I normally don’t get caught up in fundamental data because I trade technically but I believe that both SIRI and XM are in a cutting edge market that is about to take off. See the chart that I drew this morning of SIRI: themarketwind.com I chose to view it using Linear Regression Channels because that is how it has been trading. It has been trending in the upper half of the LRC and is currently tip toeing on the mid-line. (Labeled the “spaghetti patch” <g>”) Note the stochastic oscillator position and how it has now recoiled back to where it likes to launch the stock back to the upper part of the Linear Regression Channel. William %R agrees that the trend is still up with room to move. I suspect that an earnings run may be in order since we just passed the Christmas buying season. Next upper resistance is at $12.00. The bounce is assuming that SIRI holds above the Linear Regression mid-line and we get a stochastic buy signal cross-over during the coming week. Reid

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next