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: Dave H who wrote (7201)	11/6/1997 11:59:00 AM
From: Doug R	Read Replies (3) \| Respond to of 79308

Dave, Very nice work! I may be expendable after all! >>gg<< DRNK got into a nasty argument with the IL back in June. Of course it lost. It's still in the process of defining a new one and is almost finished. I'm pretty sure it will get to 4 1/2 again when the current short-term overbought situation is worked out. The new IL, if completed here, would be a less steep line than the previous one. Slowing IL momentum may mean DRNK is not a good intermediate-term trender but the short-term opportunity would be good after a pullback to 3 7/16-3 1/2 area. Keep up the good work. Watch how the price acts in relation to the short-term stuff now that the 89, 3, 5 stochastics are above 80. If the 144, 13, 8 begins to cross 80 with the shorter-term stochastics also showing strength, it'll move pretty good. Doug R