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: Omer B. who wrote (24868)	1/2/1999 5:36:00 PM
From: Doug R	Read Replies (1) of 79450

Omer, I like to see the 89, 3, 5 trend up rather than shoot up like that. A trend with a series of peaks and valleys on the way up denotes a stronger, more sustained supply/demand dynamic. Earlier in the chart you can see in Jan '96 that the 89, 3, 5 climbed over 80, pulled back to what Parity has as a value of 32. This sets up a trend that denotes more than casual accumulation and on the next move over 80, the stock went from 6 1/2 to 18 3/4 in 6 mos. At this point I would want to see the 89, 3, 5 pull back under 50 (but over 20) and return to over 80 again. Yikes, I have a few questions coming up to mull over I see. Doug R

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next