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 : today's chart -- Ignore unavailable to you. Want to Upgrade?

To: MechanicalMethod who wrote (1226)	10/25/1998 5:53:00 PM
From: CatLady	Read Replies (2) \| Respond to of 1267

Osci, The question I had is, what makes any particular points valid for drawing a pitchfork? I've never seen anyone define what are valid pivot points to be used. It seems that by chance some just seem to work, but more often they don't. If I understood the points you looked at for ABTE, they're based on a rather short time frame, which says to me that they are of less significance than ones that could be built over a longer time frame. Doesn't the red pitchfork in this chart show abte to still be in a downward channel? members.tripod.com Not that I believe it, just arguing that these channels seem pretty arbitrary. Anyway, look at this chart of ABTE with the trendlines I added. members.tripod.com A somewhat better picture, but I still wouldn't touch the stock unless I believed its' fundamental problems had been fixed and there was some upward movement on good volume.