The 56 Point TA; Charts With an Attitude 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 : The 56 Point TA; Charts With an Attitude

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ivan solotaroff who wrote (7564)	11/12/1997 3:33:00 PM
From: Doug R	Read Replies (5) of 79384

Alright...Ivan, Stock XYZ hits a PGDCEB signal at 10 and jumps to 12 1/2 the first day. Then it goes to 13 and on the 3rd day it's 13 1/2. On the 4th day it gets up to 14. Now it backs off and dribbles back to a close of 11 1/2 over the next 4 days with a low of 11 1/4 on the 4th day. The next thing it does is move up again. The higher low relative to the low on the signal day is 11 1/4. Draw a trendline from 10 across 11 1/4 to construct the trend. Buy XYZ and hold it until that trendline is broken to the downside even if it's just an intraday break but manages to close above the line. Doug R

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next