SI
SI
discoversearch

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: Doug R who wrote (22201)10/19/1998 10:11:00 AM
From: MechanicalMethod  Respond to of 79270
 
Doug,

I'm not trading it, I'm studying it. Weekends worth of testing here left charts in a mess. Was hoping to get feedback on my concepts. Trend indicates contraction of the Open to Low range, I realize that's not much of an indication of direction, although to me it says it doesn't want to go down. There's too much new happening to tie the other directional indications together yet, but I'm having fun and things are looking up.

Leaving for an appointment, late even, yikes, might be back later?

Osci



To: Doug R who wrote (22201)10/19/1998 12:50:00 PM
From: Barbara Barry  Read Replies (1) | Respond to of 79270
 
Doug,
Bottom fishing candidate?
Ikos,chrz and havn...
What do you think?
Regards,
Barbara



To: Doug R who wrote (22201)10/19/1998 12:51:00 PM
From: MechanicalMethod  Read Replies (1) | Respond to of 79270
 
Doug,

I haven't been following ABTE. Just started since it was on your watch list. I like the monthly and weekly charts. Just bought some for fun. Now I'll have to watch it.

I like to get the feel of a chart first, but I'm going for the gusto here with my instincts today. Also, I'm big on Due D, and I've not done that in this case. It's all reflected in the chart.

It's within a tiny or two of jumping the 50dma. After a hard fall from 20, with a nice base and what looks like a higher bottom on 10/8/98. Just need a higher top now for confirmation. Volume expanding here after being comatose throughout the basing period.

If volume returns to the levels of the first pop on 9/10/98, just before that really nice base, it's outa here to 10.62 and if it does ok there it's back to 20.

Osci