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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Dave H who wrote (10169)1/7/1998 10:33:00 AM
From: Michael L.  Respond to of 79201
 
Dave, we have a nice exercise to catch the bottom for ORCL. It goes down faster than I like and I am afraid to get a false signal. I am excited to go long because this time ORCL has a chance to make a cute invert H&S on a day chart. If it will make it the run up will be impressive. It is only second day on a way down and it is already 21 area. I expect it to stop around 21 1/4 - 21 1/2. If it will go lower than 21 it is a perfect short candidate. When the price goes down fast it may give you few false signals when you play with trendlines. I watch intraday volume but it works not all the time. What do you think? Michael



To: Dave H who wrote (10169)1/7/1998 11:02:00 AM
From: ivan solotaroff  Read Replies (1) | Respond to of 79201
 
Dave:

Thanks.
Yup, got out of SGI two days ago.
If that's an H&S on OXHP, this stock needs a chiropractor. Problem is, they're coverage is so shabby they'll never be able to get one. <gg> I was worried for about 15 par-secs yesterday; otherwise, this has been like stealing candy from a baby.
A propos of which, ABTX broke its ACT for the second time today. That's enough to put you on intense stalk.

Ivan


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