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 : 123 Trends and Reversals -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (62)	2/3/2001 1:06:38 AM
From: Ally	Read Replies (1) \| Respond to of 147

Michael, beautiful chart of RIM! 2B and subsequent completion of 123. What now? Wait for a retracement before short? See daily chart of RIMM below. Looks to me, immediate target is $52, the support level of 2 previous low candle sticks. Next target is $44, the low of Jan 3rd. On ADX, the D- is about to cross D+ on rising ADX. In the past short, ADX was good indicator. Cover when gap of D- to D+ is about maximum with ADX>40 siliconinvestor.com