Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Z man who wrote (31464)	8/4/1999 1:13:00 PM
From: Doug R	Respond to of 79263

Z, For CMNT to get back in the program, it will have to close over the ACT and use it as support. The quick return gives it a shot. A high volume move up from the ACT is what you'd need to see as an indication that RR will occur with a modification. On average, a stock that breaks below the ACT gets the % of the falloff subtracted from the original RR % gain expectation. That translates to an equal share price amount as well. A 2+ point drop below the ACT will knock off 2+ points off the target. For CMNT, the target has gone from ~20 to just under 18 IF the ACT can hold it up convincingly. Doug R