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 : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (8843)10/20/1998 5:34:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 34810
 
I haven't thrown a TDT out for a while.

CIEN Puts.

CIEN has been building a pattern of lower highs and lower lows. This week it is up on hype that the TLAB merger is back on the burner. Not likely in my opinion. It went up to $14 which would have been the high point for the next lower high, and pulled back. Double bottom at $8.5.

CAVEAT: For those who don't know what a TDT is: DON'T do it, it's very RISKY and you WILL loose money. Probably best to use me as a contrarian indicator.
Tom