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: shasta23 who wrote (16688)	5/10/1998 9:52:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79371

Stefan, CLYS violated the IL. When RADAF did that at 19 I saw that it was going to the ACT under 13. It went to 12 7/8. When RECY did that at 7 3/8 I saw it dropping to the ACT under 5. There's other examples too but in each case people thought I must be crazy to suggest such a drop. ABTX is another. PRTL was a tough one but it dropped even harder than I thought. IL violation is a serious offense. The weakness may or may not be prolonged. The bottom of IL reaction is most often a buying opportunity. Doug R