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 : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dawgfan2000 who wrote (13811)	8/3/2001 4:13:04 PM
From: donald sew	Read Replies (1) \| Respond to of 52237

Dawgfan, >>>>> The falloff from the 22nd was 200+ points, retracing most of that setup. This setup looks to be about 120 points <<<<< I have never used candlestics to help determine the strength of the reversal, but I also have to say that I really don't focus on price targets. I just try to identify the PIVOT POINTs and then go day by day looking for clues. I have noticed in the past that by trying to focus on price targets, it has hurt my objectivity where I may try to "will the market" in the direction I thought it was heading. Im not saying I dont use price targets at all, but that I use it MUCH less than most. So if candlestics can be used for targeting prices, I dont use that function. seeya