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 : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (891)	1/17/1998 10:29:00 PM
From: Druss	Read Replies (2) \| Respond to of 18691

Hank--Could you provide me with some books that would help in learning candlestick patterns? I would like to learn it but only have an on line source that is not too detailed. All the Best Druss

To: McNabb Brothers who wrote (891)	1/19/1998 9:03:00 AM
From: TATRADER	Respond to of 18691

Hank, only have time for my favorite of the three, that is YHOO... Take a look at the peaks with your relative strength indicator... 12-29-97 stock at 69.00---RS reading of 73.1807 1-15-98 stock at 68.25---RS reading of 58.5976 This shows the trader that strength is waning as we near 70, or a topping action....Again, simple stochastic, check out 1-2-98 price at 69.50---Stochastic at 85, then 1-15-98---Stock at 66.75- stochastic at 58....Again this shows the trader the buying power is weakening.... Envelope channel is displaying trading range from 59.60-65.87..... There is some good support at 64.50-65.00, but if we break, I have first stop pegged at 60.00, then 54.50-56.00, then 52.50......Volume has been tapering off the past 3 days to 151,610, compared to 5 day at 204,730.....I presently do not have a position in any of these three stocks but am watching them... Regards, Mark P.S. CTXS is in a rectangle pattern....Namely a trading range for now...These patterns are good to trade only on the the top or bottom of the pattern, not in the middle......Bollinger Bands give a trading range of 72.40-82.17....However, I see the pattern at 65-80.....If we break the 65.00 area, you have some good downside, about 11 points...