SI
SI
discoversearch

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.
Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?


To: sherlockgerlach who wrote (6611)3/2/2000 10:09:00 AM
From: Lost1  Read Replies (2) | Respond to of 9427
 
126 is the first sell signal, which would be your stop. The retracement is perfectly normal. Hang in there..or not<gg>



To: sherlockgerlach who wrote (6611)3/2/2000 3:04:00 PM
From: faqsnlojiks   Read Replies (1) | Respond to of 9427
 
I see you already got an answer, and L1 is right...126 is your double-bottom break and sell signal. Which would be a place to put a stop (if you were really worried about it).

I can tell you're pretty conservative about all of it, and I tend to be a bit more loose with my stops. If it were me (and I was in negative territory with it), I would definitely hang on until the chart really broke down...but that's me. It's up to you to determine your level of pain. Of course, if you're just trying to protect profits, that's another story. There is never anything wrong with taking a profit when you get it.

That's why I sold RFMD at 133.... <sniff>

On a side note, when I want to buy something right after a double top break, I'll usually wait for a bit of a pullback before executing the buy...if only a box or two. That way, you at least have a little room if/when it reverses.

Good luck.

-Joe

PS. I haven't looked at it yet today so I don't know if your stock is up or down.