ENR trading on AMEX. ( Envirotest) 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.

Non-Tech : ENR trading on AMEX. ( Envirotest)

ENR 20.10

-0.5%

1:49 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Batgirl who wrote (33)	7/22/1998 1:28:00 AM
From: High Grader	Read Replies (2) of 62

Well that was wild day. I have had another look at ENR and the results are in the new chart at elkvalley.net I am not sure if what we just finished was a really a wave III. The EWMACD divergence suggests it was a wave V. I can re-label the chart to show this, but either way it should now have an abc correction. a down, b up and c down to the bottom of the wave. The wild swings in ENR hide a lot of information and I don't have an hourly chart to see what type of action happened intra day. So we will have to wait and see what unfolds, check the indicators etc, before picking any targets for the bottom of this correction. For anyone interested in the Fibonacci date/timing business I suggest you read Robert Miner's Book, " Dynamic Trading." A very good place to start learn about this stuff. Incidentaly if you look at a chart and count the days ENR has a cycle for the last three peaks of exactly 43 market days. If I had noticed that I would have been even more focused on the 21st as being a day to watch out for. Now what date is 43 market days from now?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next