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.

Pastimes : All clowns must be destroyed, gr. links II - the crashwave -- Ignore unavailable to you. Want to Upgrade?

To: Jumper who wrote (190)	2/14/2000 2:14:00 AM
From: Ilaine	Respond to of 476

Message 12860276

To: Jumper who wrote (190)	2/18/2000 8:53:00 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 476

Jumper My Good Friend, I see that you have taken an interest in Point and Figure Charting. Don't worry, My Good Friend, I am here to guide you through those Xs and Os. As you can see, I tossed a coin on Tuesday and removed the hedges on my long positions and even added a few long positions. Lucky me that the coin came up heads, huh???!!! Message 12875773 So let's start with CEGE 42 42 41 X 41 40 -------------------------------------------------------------X ---------- 40 - 39 X 39 38 X 38 37 X 37 36 X 36 35 -------------------------------------------------------------X ---------- 35 - 34 X 34 33 X 33 32 X 32 31 X 31 30 -------------------------------------------------------------X ---------- 30 - 29 X 29 28 X 28 27 X 27 26 X 26 25 -----------------------------------------------------X --X --X ---------- 25 - 24 X O X O X 24 23 X O X O X Top23 22 X O O 22 21 X 21 20 -----------------------------------------X ----------X -- -- -- 20 - 19.5 X O X 19.5 19.0 ----------------------------------------X O X ------X ------------------ 19.0 18.5 X O X O X 18.5 18.0 ----------------------------------------X O X O ----X ------------------ 18.0 17.5 X O X O X 17.5 17.0 ----------------------------------------X O X O X --X ------------------ 17.0 16.5 \| \| X O X O X O X 16.5 16.0 \| ------------------------------------\| X O --O X O X ------------ Med16.0 15.5 \| \| X O 2 O 15.5 15.0 \| ------------------------------------\| X ----O X ---------------------- 15.0 14.5 \| \| X O X 14.5 14.0 \| ----------------------------------X \| X ----O ------------------------ 14.0 13.5 \| X O X 13.5 13.0 \| ----------------------------------X O X ------------------* ---------- 13.0 12.5 \| X O X * 12.5 12.0 \| ------------------------------X --X 1 X --------------* -------------- 12.0 11.5 \| X O X O * 11.5 11.0 \| ------------------------------X O X \| ------------* ------------------ 11.0 10.5 \| X O \| * 10.5 10.0 \| ------------------------------C ----\| --------* ---------------------- 10.0 See where there is a triangle like thingy that comes to a point at around $16.00? And then you have a column of Xs that goes up? That is called a bullish triangle....you could say that it is a "buy" signal. If you weren't lucky enough to have blindly pressed the "buy" button at $17, it does look like there was another opportunity to throw caution to the wind. See where the Xs and Os kinda bunch up together between $22 and $25? That is call "consolidation". The more Os that you have lined up on the bottom, the better the support. The more Xs that you have lined up on the top, the greater the resistance. What the coin toss told us is that whichever way CEGE broke, we could really hope to see it go a good distance in that direction (I hope, I hope). Anyway, I bought before CEGE hit $26, I really hoped that the support at $22 would hold so I bought it and prayed. Boy was I lucky when it broke through that "triple top"!!!!!!! Next: A Buy and Hoper shorts STM at the very top...And makes money!!! .....wait, that can't be true, this P&F thing is only good for playing long in the mania isn't it??? I now that you are anxious to learn more about P&F and I am hear to help. In the future, you will be able to come back to this and any other thread that is your favorite and learn everything that you need to know about P&F. That is because I am a nice guy and I want to share all of insights with you. Your Good Friend, Jorj X. McKie