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.

Technology Stocks : AT&T -- Ignore unavailable to you. Want to Upgrade?

To: RWS who wrote (3342)	4/12/2000 9:04:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 4298

The entire H&S structure since '97 has been thrust up as though the San Andreas sent it into a flying buttress. The major up trend is at 48. The pattern since 1/99 is an upside down H&S with current action as a standard failure to it. At the same time a second order upside down H&S sub structure has been developing since 11/99. Its failure is also being contained in the first order failure. February's break down had no confirmation in every trade data and so was a false move. This is an important point to make because when that price point is eliminated and the 10/99 trend point is joined with 1/00 and 3/00 low points, you have that today's action touched the secondary up trend line. That makes the five count of the wave completed today and this completion completes the H&S structure since '97. Thus, there is no down side to 42 or even to the log uptrend at 48. There is a small gap at 51, but that was a false move too. Under my wave analysis you can expect that price will start up immediately, say next several days, and proceed substantially higher.