SI
SI
discoversearch

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 : The New Bull Market. -- Ignore unavailable to you. Want to Upgrade?


To: Rich1 who wrote (1187)8/14/2002 10:51:22 AM
From: Chip McVickar  Read Replies (1) | Respond to of 1750
 
"M" and "W" are sister patterns... the structure of the various points are clues.

On expe:
The M is formed by the spike down on 7/24
The first peak is 7/30
The low of the "V" is 8/5...41.87
The second peak is 8/13
The second peak being higher or lower then the first offen gives an inclination.

Break the 'V' low of 41.87 and the odds are it breaks lower

There's a daily TP for expe tomorrow 15th
If my over all market read is correct.... then the V of the "M" will hold and this stock will see 58-60 next week.

charts.barchart.com