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: Instock who wrote (20726)	8/22/1998 4:34:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79308

Scott, A little miffed I see. Don't sweat the clueless duo. They still don't understand the term, "trading". They also seem to think that every trade has to be a winner in order to make money overall. Take Cube's example. He had a technical target of 20% on DATC and tried to hold out for the whole 20%. He could have gotten a bit less but hung on too long. That wasn't a problem with the stock or the method used to choose it (a great method, I might add, that he developed after the LA seminar). My guess is that he ignored or missed the trend line break on Thu. That's the first thing I covered in LA. Now, I suppose somebody could walk on the thread and give Cube a hard time about DATC but it would only show that someone to be quite ignorant. When using a method or system that works, the main point is there will always be periods when it doesn't perform properly and periods when it outperforms. Dumping the ones that don't work promptly and holding the ones that do work is how to profit in trading. Now for MICA. (heheh) It has the technical strength to take it back into the 20's but I suspect that will happen only if the market cooperates. It's in a price range now that has a few horizontal lines in the way but if it can move over 16 the next trouble spot is between 20 and 20 3/4. It has short term uptrend support at 12 15/16 and long term uptrend support at 11. An immediate support at 15 1/8 is what to watch for now. If it trades below that on Monday, a buy down around 13 would work very well IMO. Doug R