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 : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: the-phoenix who wrote (40135)	7/15/2001 5:08:00 PM
From: eichler	Respond to of 100058

Phoenix, Good observations of the 60 min comp chart and implication of the stochastic crossed down. home.earthlink.net In the above 60 min snapshot, I made a couple of lines highlighting pertinent features. The box on stochastics shows a recent similar event to the present discussion where price gapped up and stochastics remained overbought for some time while signaling repeated bad sell signals. home.earthlink.net This view of the 15 minute shows the conflicting story of stochastics just firing off a BUY signal, even though the 60 min is on sell. There is no rule that says the signal can't be invalidated just as I pointed out on the 60 min chart that a sell signal can't also be invalidated. There is an apparent conflict that will definitely resolve one way or the other...ggg (duh) home.earthlink.net Finally, in answer to your question "What rally?", here is the current view of the daily. Of note to me is the fresh buy signals on ADX, STO, MA. My answer to "what rally?" is what is to the right of the recent broken ST downtrend line. Those two white candles; white marubozu followed by spinning top. THAT rally! GGG This post is intended for the purposes of discussing the TA features of the current situation for the comp, not as a missive arguing your current opinion. While I disagree with your opinion, I still respect it and thanks to your detailed post can easily see what exactly you are considering. Appreciate your post and I will be only too willing to abandon my current bullishness should the chart discrepancies resolve contrary to my expectations. I think the jury is still out on this one though...due to announce their verdict Monday, methinks. Best regards, Eichler