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Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?


To: TATRADER who wrote (1107)6/19/1998 1:32:00 PM
From: Double E  Read Replies (2) | Respond to of 4140
 
Here is one for you . . . it was posted by BAHAMATEK on Yahoo today. I'm not comfortable with TA lingo yet (by the way I have no idea what an envelope channel is . . . but it sounds like there is a good one and a bad one!) so I don't know how to interpret what BAHAMA is talking about. I've looked at some charts using some web sites and I don't see the big negative that BAHAMA is talking about. Could you comment please and enlighten us . . . I will then post it on Yahoo so there are multiple perspectives. Is it possible that, depending on the chart model and the parameters selected, multiple perspectives are possible for the same stock. From what I can gather, there is an awful lot of "art" involved in the interpretation of "scientific" charts. Help me out here when you have a few minutes . . . pretty please.

Here is the Yahoo post:

We are still not getting any help from the charts. I wish I knew how to post a copy of snrs chart so that all of you would be able to see what I am talking about. It is not a pretty picture.

A MAJOR TOP FORMATION IS IN PLACE. LOWER LOWS AND LOWER HIGHS ARE STILL THE PRICE ACTION OF THIS STOCK. THE STOCK IS REACHING A CRITICAL
POINT. IF THE STOCK BREAKS 7, AND IT LOOKS AS IF IT IS STILL HEADING IN THIS DIRECTION, NEXT STOP 6 AND WITH VERY LITTLE SUPPORT AT THAT LEVEL!!!!

If any of you get a pricing service such as P.C. Quote or Signal PLEASE TAKE A LOOK AT THE CHART AND YOU WILL SEE WHAT I AM TALKING ABOUT.

Thanks for any education you can provide.

Double E