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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Challo Jeregy who wrote (28965)	10/9/1999 10:23:00 PM
From: HairBall	Respond to of 99985

Challo Jeregy: I am sorry, but I am pressed for time this weekend, so I must substitute a picture for the words...<g> I will point out the whys, but it will save me some typing. I am under a deadline this weekend for some non market stuff...and I have already spent to much time online today...<gg> Regards, LG

To: Challo Jeregy who wrote (28965)	10/10/1999 2:57:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

Challo Jeregy: I woke up in the middle of the night and since I was having trouble sleeping, I thought I would take the time to give you some feed back... COMPX Daily Semi-log Chart: Ascending Triangle often moves in the direction of the trend but can be a reversing formation. This formation has some violations which could negate the formation or be consider overshoots. homestead.com COMPX Daily Semi-log Chart: Long-term Rising Wedge with the apex before the end of year. Rising Wedge formations portend a retrace. The lower trend line of this formation has been adjust out several times. This could be considered a fanning out topping formation or could be viewed as a consolidation pattern forming a foundation for the next move up. homestead.com COMPX 60-Minute Semi-log Chart: Short-term rising wedge portends a retrace of much of the formation and can be a reversing formation. homestead.com COMPX Weekly Semi-log Chart: Reveals a move above the upper trend line of a multi-year rising trading channel around the first of the year. This displays a dynamic increase in upside momentum and could be viewed as a blow off top in progress or a new even stronger phase to the bull market. homestead.com Obviously additional indicators are needed to help discern in some cases what the formations are revealing. Hope this helps... Regards, LG