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.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: cnyndwllr who wrote (11176)	12/18/2001 7:28:43 PM
From: chowder	Read Replies (1) \| Respond to of 23153

Ed, I try to find stocks that fit my technical objectives, with companies I'm familiar with, and have good liquidity. Let me give you two ideas to help you time something with technical analysis. Using stockcharts.com, when you see a chart that forms a hollow red candle, AT THE BOTTOM OF A TREND, it's usually a bullish reversal pattern. I mentioned FLE to friends via e-mail the other day to show this example on using hollow red candles. stockcharts.com[h,a]daclyiay[pb20!b10!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3!Lc5!Ll14!Lj[$spx]] It's important to note, the pattern is best used when it appears at the bottom of a trend. That was FLE's low! On the other hand, black filled candles AT THE TOP OF A TREND, are usually good points to short a stock. TOL is showing such a pattern after today's activity. stockcharts.com[h,a]daclyiay[pb20!b10!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3!Lc5!Ll14!Lj[$spx]] I would have preferred that TOL traded a little higher today to clearly hit the high price in the recent trend, but I think you'll understand the concept. These patterns are usually very good in short term trading, so you don't need to get greedy. Although nothing works 100% of the time, these patterns give you an excellent risk vs. reward scenario. dabum