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 : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (4023)	11/8/2000 9:11:14 PM
From: Teresa Lo	Read Replies (1) \| Respond to of 8925

BRCM Technical Comments and Charts: *Excerpt from the November 8 issue of Sage Advice Newsletter:* Yesterday BRCM clunked and fell out of a months-long trading range. We said that there’s really no timing these things, unless the trader is following this on an intraday basis. The only thing to do here was to watch to see if makes some sort of failing bounce, and then catch additional moves to the downside, should this be an emerging downtrend on the daily chart. The most logical target now is a test of the spring lows in the 120 area, but it doesn’t mean this it can’t bounce first! 204.244.168.151 Today, it came out of the gate on the downside, and there were not that many opportunities to get in there, unless you were trading off a small intraday timeframe, such as this 5M chart. 204.244.168.151 ...If we were to apply this formula to BRCM, the longer-range target to the downside would be the 113 level, it is can’t hold where it is now. 204.244.168.151 Teresa