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.

Pastimes : A Novel Academy: 56ers in Annapolis -- Ignore unavailable to you. Want to Upgrade?

To: carol alba who wrote (1873)	11/10/1997 10:58:00 PM
From: Al Greenleaf	Respond to of 2403

Carol - May I attempt to answer this one too? DIGI did form a cup with handle in Sept, Oct, but it did not muster the necessary breakout, as it failed to the downside in mid October, and there was no volume "kick". While some stocks will rise without such a kick, having one is the only sure way to be sure it is a breakout. One problem is that to be absolutely sure it is a genuine breakout, you would have to wait until it is over!! Lacking certainty, your chances are very good when 1.) The shape occurs, and 2.) it is accompanied by at least 1 1/2 times average monthly volume (more is better). Ultimately, it has to make "new highs" as it did after the handle ending January 1, 1997. I would not buy this now due to the "head-and-shoulders" pattern recently completed. (Top of head in mid-September, two shoulders on the left and two on right). Hope this helps. Please look and see if you agree. Regards, -Al