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: Doug R who wrote (9505)	12/22/1997 10:43:00 AM
From: Esteban	Respond to of 79378

Doug, I don't think BMC's signal failure on 12/17 is cause enough to extend the waiting period for PGDCEB signal monitoring. My concern is morning downward gaps as far as risk control goes, and though BMC went on to new lows, the stop loss trigger at one tick below the signal low would have worked fine. AGP OTH made new lows on further bad news and I agree that it's appropriate to start the waiting period anew for this one. It's a shame PLH bounced before the waiting period even got started. I wasn't even monitoring it yet. TRKN I'm monitoring post signal from 12/15, doing fine. TSEMF's intraday trendline was broken on Thursday. If one was using a more conservative daily trendline, Friday's decline broke it and closed the position, unless one is using decelerating trendlines as opposed to accelerating trendlines which worked so well on SGI. Too bad, it's off to the races today. This portion of the system is the most variable and the most subject to interpretation IMO. Thanks for the info on SNB, Doug. I've deleted it from my list. I've got quite a list of about 30 going now. The majority are percolating in the waiting period. In a few weeks I would expect to begin getting signals fairly often. I've noticed that many of the PGDCEBs give more than one signal, even if trading the first signal was profitable. This has me looking at reversing and shorting the cats when the bounce plays out. Any ideas on a trigger for this that would indicate weakness beyond trendline breaking? The beauty is that if there is a new signal low, you can catch a longer downleg than the upleg you just rode. In addition the signal day itself is a wonderful signal to cover, allowing you to buy back at almost the lowest possible price. Esteban