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: Thumma J. Reddy who wrote (31848)	9/4/1999 3:33:00 PM
From: Doug R	Respond to of 79243

Thumma, KEG is in a position which allows it to produce a very strong technical buy signal within the next couple trading days. It'll need volume and a move up with a close in the upper half of its trading range for Tues. If it waits until Wed, it'll need the same but with a close in the upper half of the trading range for Mon AND Tues. If it does not do so...it'll go back on the shelf for a while. You'll note that the MACD lost its uptrend but is still within reach of regaining it. And the 89, 3, 5 stochastics has slipped below 80 but is still within reach of regaining that. What I see that gives it the chance to do this is that it is still hoding its 233 dCCI uptrend very well. Doug R

To: Thumma J. Reddy who wrote (31848)	9/4/1999 3:51:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79243

Thumma...again, I ran out of edit time before I could throw in more detail. The stuff that may be cause for concern is in the price trend. An initial uptrend established along the lows on 6/2 and 6/29 has been accelerated off of to produce a trendline along the lows on 6/29 and 7/26. From there, another acceleration along the lows on 7/26 and 8/6 has been called into question twice now....on 8/26 and 9/2. It is this lack of conviction toward further trend acceleration that is reflected in the MACD trend break and the slip of the 89, 3, 5 below 80. A break below that price trend line would be a sell signal IMO. Any trades below 4 7/16 on Monday would mean the supply/demand dynamic represented by that line is no longer stable. For Tuesday the same result occurs if it trades below 4 1/2. A break of the line would most likely result in a move to about 4 1/16. If 4 1/16 happens on a high volume day and a good close, a several day, position trading opportunity on the long side will present itself as a technical reaction. Doug R