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: bazan who wrote (12014)	2/7/1998 3:54:00 PM
From: Doug R	Read Replies (1) of 79270

Miguel, You can see how APM moved up well on Wed., the day of the intersection of those two lines. On Tue. it attempted to break down but closed above the uptrend. That type of recovery is very rare and the low on Tue. sets up a new uptrend line to watch. On Fri. the price closed a hair below the 1/13--1/27 line so I would ignore that line for now and shift focus to the line from the lows on 1/13 and 2/3. It just so happens that this new line intersected the broken downtrend line (the highs on 1/5 and 1/21) on Fri. 2/6. The short-term technicals tend to show that a test of the new uptrend line is on the way. It's still very much a trendline driven trade. It's also on my "volume watch" list for the coming week. Doug R

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next