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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (110787)	12/29/2004 2:22:11 PM
From: Henry J Costanzo	Respond to of 209892

Like I've said before around here, jj......Shack is expert in EVERYTHING.........Very smart to ask for his help....LOL

To: jjstingray who wrote (110787)	12/29/2004 2:22:59 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

jj, I bet he sees you've finally presented a "rising wedge" that he actually likes <g>

To: jjstingray who wrote (110787)	12/29/2004 2:24:40 PM
From: Shack	Read Replies (1) \| Respond to of 209892

You mean improve your T 'n' A.-vbg

To: jjstingray who wrote (110787)	12/29/2004 3:13:55 PM
From: ajtj99	Read Replies (3) \| Respond to of 209892

I'm sure that setup has engineered some rising support. What's particularly compelling is the rounding bottom pattern. I guess we could argue about what kind of extension we might expect in light of this formation, but in the end, I think it will end up with 3-white soldiers on the hourly. Maybe jj could use his Andrews Pitchfork in there and get us a better read as it appears he has an established position. One play could be a Bear Spread on a back test of the gap after an upthrust. However, we need to be conscious of a blow-off possibility, followed by some distribution. I'd also like to see how that channel line acts when it's probed from below. If it does the three white soldiers, I'd be interested if they're engulfed later as well. I like the play on the double top as well. I think that's probably going to be overlooked by many. The downside I see is that this could end up with an abandoned baby. We'll see. Great find, and lots of ways to approach this and come away flush!