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: ahhaha who wrote (3343)	4/12/2000 11:23:00 PM
From: RWS	Read Replies (1) \| Respond to of 4298

Thanks for the elaboration on your reading of T. It's not in my expertise to ignore penetrations of trendlines. However, after reviewing the charts of T, I will concede you a low of 51 in up to 10 days hence. If you draw an Andrew's fork from the Oct. 99 low bisecting the line between the Nov. 99 high and the Feb 00 low, it acted as resistance and repelled prices at the Mar 00 high. The lower parallel tine from the Feb low should act as both a magnet and as support. Additionally, a downfork from the Nov. high bisecting the line between the Feb low and Mar high intersects the lower uptrending tine at about 51 in about 10 days. This could mark a price pivot. It would negate my wave interpretation. Oscillators and OBV are presently downtrending, but could hit their lows and start to reverse in two weeks. I will watch closely in case you are correct, to cover the short side of my spread and possibly add to long side. Regards, RWS