Lizard King's Trading Swamp 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 : Lizard King's Trading Swamp

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TATRADER who wrote (4620)	2/22/1998 10:09:00 PM
From: Christopher	Read Replies (1) of 7396

Mark, ADX is the first thing I look at when I study a stock. I don't know about you but I consider the spike on SRSL that occured on 07-08-98 to be the right shoulder. I have seen similar spikes in books that were considered by the authors as shoulders. The neck line is down sloping extending from 04-29-98 to 07-07-98. I see the double bottom you are refering to. There is also double tops right before it. I think that a trading range and double bottoms can be looked at but you would probably end up with very close conclusion in both cases. Good luck with trading.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next