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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (9750)	8/10/2001 12:30:09 PM
From: Doppler	Respond to of 209892

The bottom of that range was July 11, and not June 11th, if I'm not mistaken but your pt remains very valid. I can't post charts but check the channel on it using the May high to the early Aug high as the top. Then the bottom starts at the mid May low and has two possible outcomes. The first goes through the mid June lows about 1200+ to the 7/11 low at 1168ish. This line gives a channel that is slightly gaining width compared to the top channel line. The second line could be drawn through the mid June daily close and not intraday low to the 7/11 close to the intraday low on the 7/24 or whatever it was. Both end up with enough touches to count as valid trend lines. Either way they come in at much lower levels 1150/1120 respectively. Finally, if you check the touches they occur when the stochastics turn up from oversold levels using a 21/7 %k-%d. That of course hasn't happened yet. <ng>

To: AllansAlias who wrote (9750)	8/10/2001 12:32:07 PM
From: Doppler	Respond to of 209892

The bottom of that range was July 11 if I'm not mistaken but your pt remains very valid. I can't post charts but check the channel on it using the May high to the early Aug high as the top. Then the bottom starts at the mid May low and has two possible outcomes. The first goes through the mid June lows about 1200+ to the 7/11 low at 1168ish. This line is slightly gaining width compared to the top channel boundrey. The second line could be drawn through the mid June daily close and not intraday low to the 7/11 close to the intraday low on the 7/24 or whatever it was. Both end up with enough touches to count as valid trend lines. Either way they come in at much lower levels 1150/1120 respectively. Finally, if you check the touches they occur when the stochastics turn up from oversold levels using a 21/7 %k-%d. That of course hasn't happened yet. <ng>