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 : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (8021)	2/3/1998 9:34:00 PM
From: Jan Robert Wolansky	Respond to of 12039

Richard, I'm in a stock that's moving: TMN. Its last high was at 6 1/2, back in November. Volume hasn't yet picked up, CCI(13) is at 150, RSI(9) at 74. Putting up a fib arc and fan in metastock showed crossing at around 6 1/8, and TMN closed at its high today of 6 1/4, up 3/8. MACD 13,34,89 finished a downtrend and is now starting to curve up nicely just above 0; dahl is still trending down. I don't have Advanced Get yet, and I'm struggling with when to sell, ie., will it meet too much resistance at 6 1/2, or is this a strong wave that will carry it through (the 200 wk avg is at 7 1/2). As I've mentioned to you before, my mindset is shorter term trading of 1-3 weeks. I'm up 20% from purchase 2 weeks ago. If you have a second tonight, I'd appreciate your feedback. Jan