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: Warthog who wrote (35276)	4/29/2000 5:40:00 PM
From: Doug R	Respond to of 79270

Wart, BBA: Historically low price. 89,3,5 not yet in a position of strength but possibly starting a trend into more bullish values. Recent 4,3,2 activity very strong but from this area will need to reset. If price remains stable during the 4,3,2 reset and the 89,3,5 trends up further, an appreciable move in price should be expected. The multiple hits of TC in the 4,3,2 can be seen as a telegraphing of the potential for a solid uptrend going out at least 3 to 5 weeks (with the usual ups and downs seen in any uptrend, of course). Potential for a more sustained trend will depend on 89,3,5 and MACD activity. MACD not too shabby at all now. 13/3 dCCI activity is very good here. SMI scatter is on the verge of a breakout so a late day buy into a pullback after a strong early Monday is ruled in since the 3 dRSI allows for room to move up nicely while the 3,1,2 stochs show a high probability for a close well off the day high. The opportunity to buy about 5 mins. after the open and sell the top of the day's move is there but only for the nimble. Then a buy into good volume on Tuesday would allow for a respectable amount of compounding on the Monday gain. Although the overall chart does not yet show anything truly major is afoot, there does appear to be signs for some very nice trading opportunities forthcoming. Doug R