50% Gains Investing 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 : 50% Gains Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dale Baker who wrote (6516)	5/25/1999 5:36:00 AM
From: B Tate	Read Replies (1) of 118717

In a nutshell breaking the bottom line of a channel is more important in an uptrend and vice versa. AOL - was in an uptrend from Oct., tested 2 times in Feb. and nearly broke it in Mar. but got back above quickly. Broke the trend in April and rebounded briefly. The downtrend started in early April (before the breakdown) and is now the top of a sym. tri. Now at the bottom line of a large Sym. Tri. (yesterday's close was right on it.) If it breaks down the measurement is 60 with 90 almost a given. (assumes mkt stays down overall) CGMI - Still in the uptrend from Oct. ( to break the uptrend it would have to get below about 140 in the next wk or so. Currently just breaking down from a sym. tri with a measurement to 100. support in the 183 area (apex of a sym. tri.) and the 120 area (previous spike highs) - again depends on what Mr. mkt says. I would probably be a buyer of AOL in the low 90s and for sure at 60+. Same for CGMI at 183, 120 and 100 for sure. hope it helps

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next