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.
Technology Stocks : Silicon Graphics, Inc. (SGI) -- Ignore unavailable to you. Want to Upgrade?


To: Don Green who wrote (10815)3/28/2003 9:47:23 PM
From: MJ  Read Replies (1) | Respond to of 14451
 
Don

Nothing is absolute in the market or life. I would not use the word “must”---mea culpa if I misled you a little with saying all gaps get filled. (In my experience, I have rarely seen them not filled.)

In Granville New Key To Stock Market Profits go to these pages:

1. End of shakeout in American Motors suggested by Gap theory, P 305.

2 Definition of Gap: P 331

3. Filling of Gap as symptom of accumulating strength , P 59

4. Gaps and Price patterns: Pp 37-38

5. Gaps - function of in buy signal interpretation, P 95

6. Gaps as the result of emotionality: P 296

His other books also have discussions on Gaps-----this book is imo his best one for considering technical analysis.

mj



To: Don Green who wrote (10815)3/28/2003 9:55:03 PM
From: MJ  Read Replies (1) | Respond to of 14451
 
Don

Another section in Granville's book is Selection of Most promising chart patterns on Page 322-324.

Summarizing here:

Long-term decline followed by breakout
Flat base breakout
A double or triple bottom
Growth
Cyclical at historical lows.

Short term SGI has that double bottom. It could get a triple bottom however this is not necessary.

What we are waiting on here imo is to see if it will be a Growth stock.

mj