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 : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: phideaux754 who wrote (42108)	4/11/2003 3:57:02 PM
From: Cornstock	Respond to of 79270

Eeek Fido, I was thinking short!!!

To: phideaux754 who wrote (42108)	4/12/2003 10:35:40 AM
From: Doug R	Respond to of 79270

Hi Phi, I'll post a list tomorrow for the long side geared to potential for 20 to 30% quick moves. A caveat though...over the last couple years when charts in general take on that generally bullish appearance, any moves up don't get follow-through. As for the present situation...most charts that have been creeping up toward a breakout position will require a decision made by the aggregate of market participants that a breakout is justified by the overall underlying climate. If that decision is not made, attempted breakouts will reverse rapidly and potential breakouts will become breakdowns. Any sustained breakouts will be such only on the basis of specific company performance. So......if you're looking for those with the quick 20 to 30% potential (taking 10 to 25% profit into the move)...as I will be...don't let the moves suck you into any hint of "irrational exuberance". The long term index charts dictate that before a sustainable bull market can occur, a MIM must form first. list tomorrow, Doug R