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 (9398)	12/17/1997 11:24:00 PM
From: Ken W	Respond to of 79382

Dave, Evening, I think I understand MIM. What is BO? Yikes, I just typed that and....HELLO...BO = Breakout....long day, sorry. I like the little round bottom on MPST .-) It does need some volume though, don't it? Now ORBT has me a little baffled. Up 3/16 today but on low volume, spread is a little worrysome for a small stock. What think. Ken W

To: Dave H who wrote (9398)	12/18/1997 3:38:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79382

Dave, ENR is a good one. I love how the volume and the trading range for seven days before the breakout are so tiny. Insiders got in and nobody else knew what was coming. Tres cool, huh? Right now though it looks like it's taking off from an accelerated uptrend springboard and will do the IL dance soon. Riskwise it may be best to wait for IL violation and short it, cover and go long on the return to the ATL. Let me know what you come up with for the value of the IL for Fri. (yes, this is a test >>gg<<) Doug R PS; as a hint, the IL was at 9 on 12/11 and the ATL is now at 6.5. Maybe it's not such a bad idea to chase it long right here. At the rate that the ATL is moving up, it will correct back to about where it is now if it takes a week to blow off then correct.