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 : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Private Network Technologies who wrote (15926)	5/1/1998 12:30:00 AM
From: Doug R	Respond to of 79384

PNT, VII went into transition from the chart formation in question in July '97. I don't think it's too much of a stretch to assume that a secondary was on one burner or another back then. An uptrend defining the supply/demand dynamic set in motion by the pre-transition activity accelerated at the time of the post transition breakout (yeah, yeah I know, you have no idea what I'm talking about). The accelerated trend should provide support a bit under 8. On or about 5/22 there is an interesting intersection of trendlines. I would expect a decent move (one way or the other) on or very close to that date. For those interested, use the highs on 9/30 and 11/10/97 and the lows on 5/27/97 and 1/13/98. As that stuff gets worked out, a thorough TA will indicate which direction a nice move will go. Doug R