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Strategies & Market Trends : Charts for Bottom Breakout -- Ignore unavailable to you. Want to Upgrade?

To: Ed Huang who wrote (1698)4/9/1998 4:44:00 PM
From: Grantcw  Read Replies (1) | Respond to of 3105
 
Hello again Ed,

I'm still holding SIGM and would like your opinion on what's going on with the stock price. I was expecting big volume yesterday, but got little even though the price kept moving upwards. Did we judge the resistance wrong at 4 when it was actually more like 3 3/4 (Looking at the ascending triangle with BIG volume on the 5-minute chart).

My opinion is that resistance was broken at 3 3/4, SIGM ran up farther and will not profit take back to 3.75, hopefully for another run next week. I'd like to hear your opinion though as I'm relatively new to bottom breakouts (more of a CANSLIMer).

Thanks in advance,

Grant



To: Ed Huang who wrote (1698)4/9/1998 11:53:00 PM
From: Mel Spivak  Respond to of 3105
 
Ed, LKON is now $3 on tremendous vol. Its up from .47 a month ago. GIFT, in time will surpass LKON. Mel


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