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 : BFT: Will the tulip craze ever break down? -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (343)	4/21/1998 1:21:00 AM
From: Whipsaw	Read Replies (2) \| Respond to of 650

It looks like the technicals may be starting to turn negative. It closed today 7.7% below the top of 4/14. The MACD has had a negative divergence for the past 6 weeks and finally gave a sell signal on 4/17. Slow stochastic showed sell the day before. It has closed lower, and at or near the intraday low, the past 4 days. It's been a bit below the intermediate-term trendline the past 2 days. This recent short-term downtrend has had very low volume the past 2 days, which is not all that bearish. Volume would need to pick up with a falling price, indicating distribution, for me to consider a short. There is also some support around 27-28. Anyone else following the T/A? I'm no expert and would like to compare notes. Don't trade on my analysis.