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: freelyhovering who wrote (33498)	1/16/2000 8:20:00 PM
From: Doug R	Respond to of 79214

Myron, My first impression of MXTR's chart is that it's reasonably volatile but generally fragile. Volume has been ramped up since late '98 but price was unable to reach the target projected by a MIMBO there having failed at the 1/2 way point in early '99. A read on a charting basis can not be considered acceptably reliable. This would put it in the category of speculative. On a technical basis, the timing is right for a move up from here but there's significant long term weakness still baked in. Entry for a short term trade would be signaled by upward movement on 1 1/4 million shrs by 12:30 EST on Tues. but a tight leash is called for. Doug R