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 (11722)	2/1/1998 4:40:00 PM
From: Al Greenleaf	Read Replies (2) \| Respond to of 79270

Doug - Which ones? Only two? Well, OK. I can only answer according to my own game plan, (which I shall define for our readers). I like to see a higher last low (without which it is not an uptrend, in the short term), and I avoid deccelerated trends. In addition to trendlines, I like 3 long-term indicators: the Long Term OVB vs 90 dma, MACD 13,34,89, and the 55,21,21 stochastic. I look for volume increases, and short term indicators Stochastic 13,8,8 and macd 12,26,9, plus Rel Strength, MoneyFlow, RSI 14 with 9 dma, and OBV vs 18 dma. I also avoid buying at or near resistance. I acknowledge that my game plan is different from many people's. That said, I have added ADI, CTRA, and XNET to the list. Here is what I would be buying: CPRD - Has a beautiful chart. Old established trendline is intact from 3/12/96, 4/16/97, and 12/15/97. Three "touches" gives it extra points. It has thre higher lows since the bottom at 12/15. The 3 LT's are up, Bollinger Bands narrowed and are now spreading, there's MUCH higher volume for the last 60 days, and this $24 stock does not have major resistance until 29. There are at least two higher lows, and the downtrend is distinctly broken. It just closed above the 89 dma for the first time since May. ADI - 3 LT's above are all positive, and volume is generally increasing. The current is now breaking the downtrend, but has not broken it "hard" yet. On the other hand, the price is 29 1/2 and the next resistance occurs at 33 1/2. I like the "headroom". It is right at the last resistance of 29 1/2 right now, so I would wait to se what happens Monday. If it is up, it broke the downtrend and surpassed resistance. All short term indicators are up, and short macd is above signal and just crossed zero. It has had two higher lows already. If these were worth your time, check HIBB, LIFC, and SNBC too. <gg> Hope you like 'em! The Padre

To: Doug R who wrote (11722)	2/1/1998 10:22:00 PM
From: Michael L.	Read Replies (1) \| Respond to of 79270

Doug, FAXX was on the lowest support line on Friday and bounced not strong, but good enough. If it will show some strenght on Monday it may be a safe entry point for another runup. The behaviour of the chart during the next few trading days will be critical in terms of confirming the bottom of the channel. I will consider to buy on Monday. Did you establish position in CPQ? Michael