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: Warthog who wrote (19924)	7/27/1998 9:09:00 PM
From: milesofstyles	Read Replies (2) \| Respond to of 79273

warttrickov ailp has already completed the signal for the 3day, it basically failed. you don't want all that static between the hitch and the signal. it deteriorates the less clean the setup is.it is also more beneficial for the break of the trendline to occur in a higher range. still it is an interesting set up, the low today made a bounce off the 50 day moving avg. it found support here on 6-26 prior to the next move. based on that it looks like a good entry point,but not based on the trick at this juncture. if it has an upday tomorrow the pattern you will see there will become the right shoulder of an ihs which would be another indication of a nice move should that be taken out by an upday wednesday. typically when the break of the initial downtrend is broken as it was on 7-23-98 that is the signal, again, in this case failed. imo. atvi is also generating some unwanted "noise" from the original setup,but still has a downtrend in place to be broken, but again the signal gets weaker the longer it takes,. the strongest ones will be immediately snatched up near the hitch indicating that the interest is still there and buyers determine any pullback as a bargain. milesbeenramblinov

To: Warthog who wrote (19924)	7/27/1998 9:24:00 PM
From: Cube	Read Replies (1) \| Respond to of 79273

Warthog, Thanks for the info. Remember though that the trick can take 3 or so days to fully ripen according to Doug. And I completely agree with all of the back testing I have done. Some of the best tricksters of the past took 3 or more days going in the wrong direction before they really popped. Most recently, PRGN is just such an example. Cube