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: Sergio H who wrote (11735)	2/1/1998 7:17:00 PM
From: Al Greenleaf	Read Replies (1) \| Respond to of 79469

Sergio - I would be happy to look at PCTH. 3 LT indicators: OBV is below 90 dma. Long MACD is below zero and below signal, although it IS pointing up for now., and long stochastic is just over twenty, flattened out, but may cross ma soon, as ma is dropping. There are no LT positive signals yet. Trendlines: Primary trendline is still us, from 12/23/96 to 5/19/97, but accelerations from that line have been broken. A short term downtrend is defined by the 10/14/97 high and the 12/1/97 high. A second accelerated downtrend is defined at 12/1 and 1/8/98. A third decelleration is defined by highs at 1/8/98 and 1/28/98. All in the context of a primary uptrend being intact. If these lines were drawn to meet in the future, it would form a symmetrical triangle with the apex about 50 days away. So something major will happen within 50 days. The primary trendline provides support at about 4 right now and will support at about 4 1/8 if the last three down days' line continues. If that support is broken it could be very bad. If it bounces from there, there should be a strong intermediate uptrend after that. I would buy, based on this so far, AFTER that bounce has taken place, or after the next higher low, whichever happens first. Short indicators: OBV down, MoneyFlow down, RSI down. MACD is above signal, but is flat, and could go either way. Stochastics is above signal and is pointing up. There is "light upward pressure" right now. I would not trust it yet though. These are mixed indicators, and a higher low is what you want here. So wait. Bollinger Bands have narrowed some, then opened without a significant rise. The chart is having trouble penetrating the 20 dma, as it is now resistance. I would wait on this stock. Hope this analysis is of some value to you. Regards, -Al

To: Sergio H who wrote (11735)	2/9/1998 5:50:00 PM
From: Al Greenleaf	Read Replies (2) \| Respond to of 79469

Sergio - RE: PCTH, up almost 10% today. Congratulations! This move caught my eye, so I took another look. I would still call this an Earlybird, in that there has not yet been a "serious" new uptrend formed, BUT, those long indicators that were negative and pointing down are now pointing up, though some are still in negative territory. The biggest thing was the formation of the higher lows since my February 1 report. The 1/16, 1/20 lows of 4.188 were improved by the newer lows of 4.281 on 2/2, 2/3, and 2/4. This higher low gives us a place to draw a line across the bottoms, for a new uptrend, new though it is. This appears still to be a descending triangle, so be careful. Any close below 4 9/32 would be a danger signal. I was really pleased that you made money on this, and will be watching it for my own account. Thanks for bringing it to my attention. Regards, -Al