Zitel-ZITL What's Happening 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.

Technology Stocks : Zitel-ZITL What's Happening

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Terry Blount who wrote (576)	11/2/1996 10:45:00 PM
From: dppl	of 18263

Terry, I'm looking at a much more detailed analysis than up and down on AMTX, WSTL and ANCR - all of which I shorted or bought puts on... AFTER the blow off, And I don't think size matters, rather the relation of volume to float. In most cases there is a symmetery with a little bias to the right side (short effect). That's for the ones that really form a H&S - others make a high, drop and then rally higher (rarely predicated by a dramatic high though). To see what I mean pull up AMTX, ANCR, WSTL or any of the others and MU, IOMG, USRX etc... the symmetrical pattern is almost identical if the time from rise and fall vary. What you rarely see afer a quick run up is a bear wedge - MASX is the only one where I've seen this (in May). My point though was that if ZITL fell back a bit on decreasing volume then I'd expect a head or maybe another FIB sequence - to the 50s. The reason I'm not sure is that technically there is still no decisive breakdown. There are divergences all over the place though. I expect to see a breakdown in the next 2 days, but since these stocks exist in the mind and not in Freemont Ca., you never know. I have an exit strategy too - you have to. Thomas

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next