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: Doug R who wrote (11632)	1/31/1998 10:13:00 AM
From: Joe King	Read Replies (1) \| Respond to of 79243

Anybody still following TRIBY,AKLM,or FTEL? All seem to be bouncing off support with vol picking up. Any comments? Thanks, Joe

To: Doug R who wrote (11632)	1/31/1998 12:55:00 PM
From: Ocote	Read Replies (1) \| Respond to of 79243

Novellus(NVLS)--a fascinating chart. Long term lines Uptrend starting 7/16/96 acted as support during 4/97 tech correction, but could not hold 12 /97, now acting as resistance at 35..5, and was broken on Thrusday- Friday, closing at 36. Downtrend from 2/97, 5/97 broken temporarily to the upside by exuberance of 6/97, gave support on the dark day of 10/28, but eventuually broke though in 11/97, becoming resistance at 37.25 on 1/29/98 Horizontal support or resistance at 35 many times in it's history. 4 times when it chose to cross 35 it gapped big time and kept on goin', no matter if rising or falling. Breaking out of correction Shorter term MIMBO determined by hight of 66 on 10/13, recent low of 28 and subsequent activity leading to a breakout above 35.375 MACD positive Double bottom at 28, the first volume high, the second lower. Stoch 13,8,8 broke out of inverse H & S--always save any IH & S for you Doug. Chaiken oscilator uptrend MA broke 50 dma; still below 200 dma etc. Downtrending 13d RSI resistance broken, now acting as support. New uptrending RSI touched support 4 times indicating validity and strength. If you look at all the critical lines crossing at this point, it seems to me that we are at an auspicious moment with significant upside potential. Disclosure: opened a long position Friday. Any comments or criticism gladly received. Ocote

To: Doug R who wrote (11632)	2/1/1998 12:40:00 PM
From: Michael L.	Read Replies (1) \| Respond to of 79243

<I am interested in your opinion of this: Message 3307883 > Doug, I understand the excitement of people on the tread about this company. I am trying not to get emotionally envolved with any company. I understand that people expect a very nice performance but when I see a nice profit that may disappear, I am taking it. If the company is good I will be back. In this particular situation I got miserable profit, because I got in late. So, I was staying. Price started to go down and I became nervous. I would be out if it broke support in despite any comments on the thread. I am trying to cut losses shorter and shorter. After retesting, the situation on the chart is getting better and better. It has a very nice potential. If it breaks through 2.5 on volume I will increase my position heavily. As I understand, next stop will be 2.75 and then I see nothing up around 4. It should move soon, because support line is moving very close. Otherwise, it will violate support and lose momentum for awhile. In this situation I will be out until better time. Michael