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: R. Ramesh who wrote (11566)	1/29/1998 4:12:00 PM
From: Doug R	Read Replies (3) \| Respond to of 79270

Ramesh, I'll have a look at it tonight. Check back before the open tomorrow. It hasn't gotten away yet. Doug R

To: R. Ramesh who wrote (11566)	1/30/1998 3:26:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79270

Ramesh, The technical profile for SSAX is not showing enough of anything to give me confidence that it is going to just take off. The best I can see it doing right now is to begin to approach 9 for a brief time and then pull back. I don't know what all the volume was about today but the move didn't create any breakout on either the price chart or the technicals. The On Balance Volume stopped right at its downtrend today and that is the only indicator I can find that might kick. Alot of the short to intermediate term technicals (2 to 21 day ranges) show a nearly "V" shaped bottom but did not progress enough to lend strength. It looks like the potential reward here is likely not yet worth the risk. If you feel like trying for 1/2 point or so in a short time, that might work. Doug R