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 : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: amoezzi who wrote (5786)	10/13/2005 8:46:16 AM
From: chowder	Read Replies (1) \| Respond to of 13449

GLBL is a buy to the long side if price can trade above the 4 day high. A lot of energy related stocks have the type of pattern shown in the GLBL chart. You have 4 inside days where each of those days is inside the trading range of the fifth bar back. This is a sign of low volatility and suggests that price is getting ready to break out. I just don't know which way the break is going to go yet. If price can trade above a 4 day high, it's a good long with a stop below yesterday's low. If price sets a 4 day low, it's a good short with a stop above yesterday's high. stockcharts.com[h,a]daclyiay[d20050713,20051013][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G The chart is saying be patient. The break is coming and the call is to go with the break. At least that's the way I see it. dabum