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 (9246)	12/14/1997 11:53:00 AM
From: wlheatmoon	Respond to of 79373

This was posted this morning on VCR thread. To: pvw (91 ) From: christopher Saturday, Dec 13 1997 4:20PM EST Reply # of 92 I don't know what yesterday's volume surge was about but watch out for Monday! On Friday small cap guru Max Bowser of The Bowser Report picked it as his stock of the month...Monday should be a good day for VCR...

To: Dave H who wrote (9246)	12/14/1997 1:37:00 PM
From: Dave H	Read Replies (1) \| Respond to of 79373

Doug's seminar....awesome! I just thought I'd share some of my enthusiasm with all of you regarding Doug's seminar I just got back from -- it was fantastic. Doug really put a lot of work into it and it really showed; and it was set up in such a way that I felt anyone at any level of knowledge could come away with extremely valuable information and learn stuff that, with some work, will prove very profitable. Doug's ability to convey this stuff and answer questions in an understandable manner was terrific. I had a lot of fun meeting everyone too! (but why does everyone smoke so much??? ;)) Doug, thanks for offering these things to us, taking your time to continue giving so much to the threads, and you're cool to hang out with too. Wishing you success in all of your endeavors, -dave

To: Dave H who wrote (9246)	12/14/1997 1:55:00 PM
From: Dave H	Read Replies (3) \| Respond to of 79373

RECY....caution flag raised on friday Well, one of the things I learned at the seminar was IL construction... and based on this, RECY broke its "safety net" intraday for the first time ever on friday. (it wasn't even broken on the day after the correction...take a look at that drop on the chart and you'll see that friday's drop was quite significant, given that the entire market didn't make a similar swing...) A violation of such a construction is a bearish signal. This doesn't mean that recy is going down for sure 100%; but when something like this happens in the charts, it's a big deal and I wanted people to be aware of it. Since there's no confirmation yet, things could go either way. If it does drop, I'm looking for support in the 4.25 - 4.5 range to kick in. fyi, Below that, the support line is 2 7/8. I'm not advising anyone to do anything, since RECY could end up with a new breakout next week. but be extremely cautious with regards to recy after friday's action. A relatively large warning signal has been thrown. -dave