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: Henry J Costanzo who wrote (122392)	7/27/2005 6:00:43 PM
From: IHateSourCream	Read Replies (2) \| Respond to of 209892

Hi mc, Decided to take another 1/3 of my GOOG shares off the table (now left with just 1/3 of my original position). And I've put the proceeds in another admittedly speculative play. (Since I don't do options, it's my version of the lottery! <vbg>) Do you recall SQM? I think you and I had discussed this Chilean company a while back (as well as the Canadian company POT if I recall). Beautiful chart except for one fairly major glitch -- almost nonexistent volume. Generally I stay away from stocks when the volume is this measly, but I like the chart so much -- I decided (after some vacillation) to give it a go. Just a small position. stockcharts.com[w,a]dfclyyay[db][pb50!b200!d20,2!b20!f][vc60][iUb14!La12,26,9!Lk14!Lp14,3,3!Li5,3,3!Lg!Lyb20,2.0]&pref=G stockcharts.com[w,a]dfclyyay[dd][pb50!b200!d20,2!b20!f][vc60][iUb14!La12,26,9!Lk14!Lp14,3,3!Li5,3,3!Lg!Lyb20,2.0]&pref=G In case you're curious (I was!) SQM, according to S&P, is "the world's only natural nitrate producer and the largest iodine producer worldwide." Of particular interest, they produce lithium for lithium ion batteries. We'll see how this one goes. Hey, congratulations on ISRG! Impressive move today. Does this mean you're treating us all to dinner (perhaps in the Alps)??? <g> Enjoy! :-)

To: Henry J Costanzo who wrote (122392)	7/28/2005 9:02:55 AM
From: bcrafty	Read Replies (2) \| Respond to of 209892

mc, part of the inherent problem with message boards is that it's more difficult to communicate clearly than if one is speaking in person and having a chart handy to point to. And an instance of this is where Freep, ajtj, and I are using the term inverse H&S "bottom" on SBUX. The bottom to which Freep (and I) was referring was the bottom formed after the move down from January's 64 high to April's 44 low, and is best viewed on the six month chart below. If you don't feel that's an H&S bottom, then I'll defer to Freep who originally started the discussion to defend the validity and technical intricacies of this pattern (<g>) as I'm running off to court for most of the day. stockcharts.com[h,a]daclyyay[dc][pb7!b17!f][vc60][iLah12,26,9!Lp14,3,3]&pref=G On the weekly chart, the inverse H&S is better view in this limited chart. stockcharts.com[h,a]waclyyay[dd][pb7!b17!f][vc60][iLah12,26,9!Lp14,3,3]&pref=G I understand your point of it unlikely being an inverse H&S within the longer timeframes of the three year move up on SBUX, but also I understand that sometimes it seems that we sometimes engage in a limited form of a word game with our posts depending in whether we are taking a larger view or o more micro view. If you feel that the move down from January isn't characterized as an inverse H&S bottom pattern, how would you characterize that move?