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: Esteban who wrote (10257)	1/8/1998 12:52:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79515

Esteban, Agreed. I never intended to use the MEEP as a long trendline. It was strictly for a short-term hop off the gap. I noticed time and again, however, that if the line were drawn out down to the signal day that it had extra uses--if only to add verification, though at times even as a timing tool. My current fascination is with downtrend lines. The simple fact that they become support once violated, particularly on volume, is what I, contrarian by nature, have been basing many of my trades on--or at least, such lines have been cuing me in to possible trades. Ivan PS: The significance of the 12th, per your question, is that it was the second top after the gap, the first being the gap day itself. PPS: The intraday BBs are as tight as they get on OXHP right now. They don't say, of course, which way it's headed. RSI is pointing down, about to push through 50, which has been crucial so far. Just point it out in case you wanna get your own little feline feet wet with this guy. Next stop should be in the 15s. Ivan