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: Trading Machine who wrote (15906)	8/20/2001 8:39:20 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 52237

TM i use all this information to form my own opinions on where we are going basically short term 1-2 weeks..and along with candlesticks and cycle timers i have been doing quite well so far...a single TA does not really confirm anything..using multiple TA's helps me...it may not help anyone else..but it does me... all triple bottom breakdowns are meaningfull because they indicate that buyers have been overwhelmed by sellers and that trend is pointing lower for sure.. however..all triple bottoms, and triple tops "correct"...so when i see that breakdown and missed taking the trade..i'll short the next rally up into heavy R... and of course...the momentum is dictated by the direction of the markets both longer time frames and short ones too..if the market rallies here, then these triple bottoms will rally to but not by much...if the market continues down, they will move lower faster... hope that helps.. btw..fwiw...on the www.dorseywright.com site..you can go to the P&F University and study their easy learning guides to the art of Piffing...<g> best of luck jerry