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

To: Grantcw who wrote (1699)	4/9/1998 7:19:00 PM
From: Ed Huang	Read Replies (2) \| Respond to of 3105

SIGM- Grant, SIGM moved over the $4 resistance yesterday, but it doesn't necessarily mean it can continue to move up several points right after this. If you look at the chart, SIGM started to move up from Monday at the level of under $3 to yesterday's 4 1/8, roughly 40% in three days, those who bot the stock under 3 want to take profit and those bot at around 4 want to get out and break even(I mentioned overhead supply a few posts ago, I think it can also apply here). With supply more than demand today, price declined. Will the price move up or down next week? I can't predict at this point. It depends on the pattern the chart shows in the next couple of days, IMO. I hope my 2 cent worth can help a bit. To everyone, Have a nice Easter holiday. Ed