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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: W. Clinton Terry who wrote (11592)	12/14/1997 5:01:00 PM
From: William H Huebl	Respond to of 94695

Clinton, We techies infest all manner of securities and whenever a stock is nearing some significant point from a technical standpoint, you can see volumes change as we techies have our way with the stock. Now without any chickens around to nab us, my best guess is at least SOME of the shorts will bail thinking "that's as good as she gets." Some will hang on. If the exit group plus perenial bulls get the stock moving upwards strongly enough, it is quite possible to see a short squeeze... not a pretty sight... feathers all OVER the place! So reality is much more complex than the ideal. And even if the pattern were broken (and your guess as good as mine as exactly where THAT point is) you will STILL have traders jumping the gun and some rich so and so needs the money to carpet his carport. In a nutshell, expect a rebound at the H&S and further weakness MAY violate the pattern which then would keep the shorts happy. The opposite is true of an inverted H&S. Bill