SI
SI
discoversearch

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 : Compaq
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jorge who wrote (12631)1/4/1998 4:48:00 PM
From: John Koligman  Read Replies (1) of 97611
 
George,
Hope you are correct! I was reviewing Alexander Elder's book 'Trading for a Living' over the holidays, specifically in regard to the 'head and shoulders top' that is quite prominent in CPQ's chart. Elder said that if the neckline is pierced that the downside target is then equivalent to the distance between the top of the head and the neckline. Well, my figuring says that would have put CPQ at around 17 bucks a share post split! Then again, Elder says if price action does not confirm the head and shoulders top, that sends the 'Hound of the Baskervilles' signal, (signal given by lack of expected action). Elder goes on to say that an aborted head and shoulders top often leads to a very strong rally, especially if prices rally back above the head.

John
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News