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 : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (19009)	8/8/1999 12:09:00 PM
From: LastShadow	Respond to of 43080

Watch List: SYMBOL CLOSE CHANGE CHANGE % FGI 13.125 0.937 7.69% MU 65.875 4.5 7.33% UTI 18.438 1.063 6.12% BMCS 54.188 2.563 4.96% CBS 47.063 1.75 3.86% NBTY 6.438 0.125 1.98% APPB 32.75 0.625 1.95% MMM 95.875 1.437 1.52% DBRSY 26.75 0.312 1.18% GP 49.625 0.312 0.63% UK 62.75 -0.188 -0.30% PX 49.813 -0.25 -0.50% ABX 19.25 -0.375 -1.91% HAL 49.313 -1.187 -2.35% HWP 111 -3 -2.63% TOT/AVG 46.817 0.575 1.97% LASTSHADOW

To: Susan Saline who wrote (19009)	8/8/1999 12:24:00 PM
From: Dave Shares	Read Replies (3) \| Respond to of 43080

TSFW Sue, In P&F charting, there are the buy and sell signals, then there is support and resistance. TSFW still on the sell signal. What was interesting is that it went down to 17 3/4, where a print of 17 1/2 would have been a break of support and a real bad signal. The fact that support was held and there was a reversal is a good sign, but I would not be a buyer here, because the sell signal was a particularly bearish one (called a bearish catapult). One low risk strategy to try would be to wait for a pullback to 17 3/4- 18, and set a stop at 17 1/2. There would be virtually no risk to this, and in the event of a reversal back up from this level, a new buy signal would be generated at 21. I don't know if this is helpful or more confusing, but wanted to try and give an updated read. Best wishes always, David