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.

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

To: TATRADER who wrote (1152)	6/22/1998 11:58:00 PM
From: HeyRainier	Respond to of 4140

Hi Mark, I'm using a 3 day, 2-period smoothed momentum indicator. I use this when I'm looking to weave in and out of short term swings; it appears to have been able to catch a majority of the swings for SNRS; just watch the peaks and troughs and the resulting price action behavior. As for the S/R Fan, the 33% line was at about 7.91 today; you can see that it did not pierce that line convincingly, which resulted in our Inverted Hammer for today. For tomorrow, it will be at 7.85. I imagine that if a Doji is formed tomorrow, then that will mean that this doesn't currently have enough strength to break through, and perhaps will require another approach at the trend line before it can gather enough strength to do it again. That's where $7.25 might play a role. I'm not sure we've been able to draw the S/R fan at the same beginning and end points. I'm using a 33% and 66% line (3 X 3 box), with the initial point resting at 10.375 (the peak for 4/21), and the last point resting at 7.031 (the low for 6/16). I've magnified my charts for better drawing. Let me know if you're still getting your slightly-higher reading. Did you reach the 8.37 level by adding a percentage factor from the trend line for a better breakout read? Regards, Rainier