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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (71664)3/10/2001 12:49:50 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
looks like it already came back to retest the point at which broke out

207.61.23.99

of the GS tech indices, only the semiconductor sector is above the 52-week low. the composite GTC closed within a small fraction above.

quote.yahoo.com



To: yard_man who wrote (71664)3/10/2001 9:10:13 PM
From: Casaubon  Respond to of 99985
 
yes, it was a cup and handle. If you own it, don't sell. Set your stop at 8% below your purchase price. Ideally that would be at 8% below the pivot point of $17.5

edit: by the way, the link you included in your post is not a good timeframe to view that pattern. Try looking at a longer timeframe.

edit: a longer term chart makes me skeptical that this thing is going to explode, but the chart did just move up through a base.


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