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 : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: Rashid Garuba who wrote (29106)	4/25/2002 12:16:21 AM
From: Mike Sawyer	Read Replies (1) \| Respond to of 59879

Rashid, on QLGC 60 min chart I see a H&S located within the right shoulder of the daily H&S top. The short term target of 46.28. That might be where it bounces back to 48. The longer term daily chart has a H&S pattern of 52.20 x 42.55. That gives a 62% fibo at 36.59 and an ultimate 100% H&S target of 32.90. BUT...looking at the overall daily and weekly chart I would be very watchful that it doesn't turn back up at the 43 area. That is where the 200 period moving average is and it is just above the neckline. I might just join you on this one.