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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: robnhood who wrote (28101)	9/16/1998 8:54:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

rrman, Thanks, I appreciate your kind word. Also, excellent observation on that recent head and shoulder top. I agree with you that there will likely be upside resistance at the neckline. But, only for a pull back to test 8000. If you notice, there is only about a month of congestion at that near term resistance level. Look at a two year chart. The inverted head and shoulder pattern of last year is much bigger and broader, there are many months of congestion in that area. This may well be why we rallied after retesting the neckline of that earlier pattern. It is a bigger pattern and it's holding so far. Also, a larger pattern (more congestion) takes priority. Therefore, I believe you may be very right for the area of near term resistance. Great observation. I suspect, still, that level will likely be penetrated on the upside eventually. It remains to be seen. GZ