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 (9692)	12/28/1997 11:54:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79292

Dave, The parameters Parity requires to set up the SMI come in groups of 3. For the intermediate-term bullish threshold I have found that 13, 25, 2 works best. ADMG is set to break out of an inverted H&S with uptrending neck line in the short-term (3, 2, 1) SMI. If Monday has any strength in the price movement, it will. The intermediate-term is not yet at bullish levels but that one is moving up and I would expect a breakout in the short-term would carry the intermediate to the threshold. Continued altitude in the short-term after that would drive the intermediate above the threshold. A good Mon. is probable since the 3 day RSI just broke out of an inverted H&S on Fri. with decent volume. Although it may be a tad early getting into ADMG, the downside risk is very low so I would take it that the tax implications are well into the price by now. Doug R