Micron Only Forum 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.

Technology Stocks : Micron Only Forum

MU 232.45

-2.1%

11:34 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Graybill who wrote (25969)	1/3/1998 6:04:00 PM
From: John Graybill	of 53903

From "Trader Vic - Methods of a Wall Street Trader" (an excellent book), p. 78-80: "The 2B Rule - In an uptrend, if a higher high is made but fails to carry through, and then prices drop below the previous high, then the trend is apt to reverse..." "A 2B on a minor high or low will usually occur within one day or less of the time the high or low is made..." "...after the new high is made, the failure to carry forward usually occurs on low to normal volume, and the confirmation of reversal occurs on higher volume." A technical analyst's definition of the "double-top", which may be applicable to the 27/28 price of yesterday and of exactly two weeks ago. Monday or Tuesday will tell the tale!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next