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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (5157)	1/26/1998 10:40:00 PM
From: Debra Orlow	Respond to of 42787

Hey Tom, how are you doing? Congrats on the INTU trade. CKFR seems to have the same problem as the dow, naz, and about a couple other thousand charts. It's stuck between the 50 & 200dma, altho it has only been bouncing around here for a relatively short period of time. You must understand that I am looking at this thru very short-term glasses, as the market has no clear direction for me right now. At the present time, I only act on an individual chart when it is absolutely perfect, according to my system. This is in contrast to instances when we are clearly in a bull market, where I might slight my indicators a tad. CKFR is showing me nothing right now, and doesn't look like it would for the next few days at least. If it could manage to overcome the 50dma or the last short-term high of 25 3/8 (on 1/22) on good volume, then I might bite, but only if it pulled back on lower volume. It showed a wonderful sell signal back on 12/10, when you saw a higher high, but on much lower volume than the previous high (with a great MACD divergence as well). But for now, nothing. As for INTU, it still is in an intermediate bull trend. I don't like the wide daily swings in INTU, as they tend to skew the indicators, making it hard to really see what's going on. There are easier ones to analyze, so unless these swings settle down, I wouldn't touch it. But that is only because this chart does not fit my indicators, in the system which I have found to be working for me. Who knows? The stock might go up(or down) 10 points tomorrow. My system only works for a very distinct pattern, and this just doesn't fit it at all. Hope this has helped, altho no definitive answers were given. "Sometimes it bees that way." As always, my opinion only. Debra