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.
Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hank who wrote (13340)3/15/1998 12:37:00 AM
From: Doug R  Read Replies (1) of 79263
 
Hank,

Are these few MM's a significant few? The technical underpinnings of the market don't rule out volatility but there are no sell signals. A few "cautious hold" signals have been erased. The market has gone from aggressive buy at the Oct 28 low when, 2 weeks in advance I said to "buy everything in sight" when the Dow went below 7,000, to a short period of accumulation that resulted in a Dow breakout of an inverted head and shoulders formation. One key factor is overall volume which also seems to be forming an ascending triangle. In the last 6 weeks as the Dow established all sorts of technical benchmarks, volume was steadily heavy. The overall environment will remain such that companies whose stock deserves appreciation, will get it.

Doug R
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