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: ACAN who wrote (22844)	11/11/1998 4:05:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79276

Allan, ASHW on 11/4 made the new post gap low on greater volume than each of at least the 3 previous days and closed with the bid one tick above the low bid for the day. That's a signal alright. However, on 11/5, 11/6 and 11/9 it traded lower than the 11/4 low as it put in a tiptoe kind of double bottom on an intraday chart on the 6th and 9th. iqc.com That makes for a tricky situation that doesn't strictly adhere to the PGDCEB rules but since a decent percentage of PGDCEBs do that and then make their move, ASHW is definitely one to watch. It certainly is low here. Using the PGDCEB stoploss rule of one or two ticks below that double bottom would make it a low risk/high potential trade IMO. MLIN's volume occurred as it failed to make any advance and for that reason should be viewed with skepticism here. It may be due for a pullback since much of the volume was likely selling. OPSI may just go basically flat for a while longer. MDM is probably not done but a decision to get in here would require lowered % gain expectations. Now that Ivan's back, we can go to work on him again to get that thread up and running. After his astute observations on APM he's obviously still got it. Doug R