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 : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: majormember who wrote (1837)	7/26/1998 10:28:00 PM
From: Rashid Garuba	Read Replies (1) \| Respond to of 59879

Skane, Mark will have to calculate overhead here. The intersection of the April and June high downtrendline and the $11-12 prior support line was definitely not going to be penetrated in one move. Support becomes resistance. Especially with that volume. If it doesn't make it through this week (I don't think it will) will probably drift lower. I've always thought a chart like this has to base or re-test the low. Barring a news event, that overhead is a bit fresh to work through. Is it a new issue?? Rashid