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: Rooster Cogburn who wrote (17458)	5/22/1998 12:31:00 PM
From: Doug R	Respond to of 79490

Rooster, Yikes! In short term smallcap land you have to watch every day. There were several posts from David and Milesov noting the short term technical weakness beginning in ELGT a couple days before the breakout failed. suggested to start looking for chart oriented stop areas and gave 9/16 as a minimum profit protection price. Even then I hung in until the last minute until I saw too many trades at the bid go by at 5/8. The way the market is wiping out most stocks lately, there's not much I see that would be safe. TLK is about the only one I'd be comfortable entering. The time horizon on it is several months. ONTC is still up there in the flag so it's not a sell but I'll be looking for a stop for it in a little while. RADAF's BB's are hinting at a move. A TA on it will show if it's up or down. I'll be right back with that. Ok, I'm back. RADAF's TA says it can't go up from here right now. The BB's say it's going somewhere soon. Ergo... Once the correction is over, there'll be loads of long plays. Doug R