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.

Non-Tech : Technical Analysis a la Edwards and Magee -- Ignore unavailable to you. Want to Upgrade?

To: David R. Doerr who wrote (7)	3/19/1998 10:42:00 PM
From: Jim Roof	Read Replies (1) \| Respond to of 40

BVSN surely is volatile and I am sure that it tough to hold when you have already made good short term gains. Here is what I think. I don't think this is a head and shoulders. The most important thing to remember about this top pattern is that it must present itself with all features before it is to be trusted. BVSN looks more like a series of bull market flags that have rocketed upwards from 7 to 17. If you are concerned about protecting yourself then you might consider a stop loss in the low teens. If you are ready to close it out for your gains then maybe place stops closer on a progressive basis. If BVSN is going to keep on moving then you may be able to ride it further. If you can get some old charts (about 2-3 years old) look at QDEK, SYSF and DIMD for real good examples of H&S tops. Good luck, Jim