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: Doug R who wrote (10629)	1/16/1998 10:45:00 AM
From: ivan solotaroff	Read Replies (1) of 79296

PGDT Doug: The Pre-Gap DownTrend turns up again. With KLIC; you draw a down-line (using the peak at around 32 1/2 in the third week of November and the last peak before the gap) and an ACT (using the 2nd and 3rd days before the gap) and get most of the trading range for the week before this. (In a nice validation of your pre-gap line being a kissing-kitty cousin of the MEEP, BTW, the steepest ACT of the two days before the gap--the so-called COMP (Cousin of MEEP)--predicts two straight weeks of higher prices.) Right now, we're currently above the ACT, but you can see that line acting more like a gravitational pull than support; it's been the dominant trend of the stock for three days running. If it continues to do so, I'll short, even if the market refuses to obey my vision and continues this bootless RIP. Ivan PS: I'm drawing a horizontal line between the COMP BUY signal (12/19) out to the current levels and will see (probably retroactively) if it provides a SELL signal.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next