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: Tom D who wrote (7599)	11/13/1997 5:01:00 PM
From: freelyhovering	Read Replies (2) of 79384

Tom--I'm sorry to hear about Yellow Chicken and General TSAO, but I would imagine you give them good digestion. As for EAIN, it does look like a late '96 MIMBO. But a more recent pattern beginning this early July was the reverse-head-and -shoulders with a break out in late July when it crossed the neckline at 4.86 and then going up to @6.25 in mid Sept. Since then it has been driftin down to the bottom of its channel where it sat yesterday making a double bottom at 4.56. It could bounce from here to about 5 1/8, but BOP and TSV are slightly negative and the 5/13/40 day EMA has broken down and gave a long term sell at 5.19 on 10/23. It needs some work to get back in gear. If you look at the chart going back to "92, one could make a case that all the action from late '96 to the present is part of a very broad MIM and the BO is yet to come. I'll keep an eye on this long chart and let you know. Send me some more names of your favorite chickens. My wife was quite tickled by the entire enterprise. Myron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next