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To: Steve who wrote (4016)1/19/2000 11:48:00 AM
From: kili  Read Replies (1) | Respond to of 7721
 
TA moving into exciting territory: After the spike @34, the reaction down - up - down - etc. seems to be forming a triangle formation. Looking at the trading the last couple of days, the huge trading volumes are replaced by smallish lots. 26 was a support a few days ago, now 28 seems to be the case, with 29+ as the resistance level. When the time factor eases us into the point of the triangle, theory will have it that a significant outbreak is imminent. This coincides with stochastics in the 'oversold' area. All this makes me wonder whether we're in the eye of the storm, just taking a breather, with an upside surge as the most probable outcome.

Just thinking out loud. Any comments??

Kim