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 : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (58046)	11/24/1998 8:35:00 PM
From: Challo Jeregy	Respond to of 58727

Donald, I've been meaning to thank you for your updates. I've been reading you and kinda "mentally" comparing your analysis with J. Favors that Dennis posts on the Stock Attack thread. This is what I wrote to Dennis today about your excellent TA. exchange2000.com And it's true. You do a good job. But I miss your recipes <G> Thanks for the hard work. challo

To: donald sew who wrote (58046)	11/24/1998 9:06:00 PM
From: HairBall	Respond to of 58727

Donald: I took a look at this formation a few days ago and decided to look past it. As always, I looked at the Dow Industrial End of Day Theoretical Semi-Log Chart. HiTech, if this is indeed a rising wedge, it was formed from a descending pattern (the pullback) and the beginning of the rising wedge would be at the low of Oct 8th and that would be the start of the lower ascending trend line. I also decided to look at the Actual Intraday Daily Semi-Log Chart. IF this is a rising wedge, it should break out very soon. An upper ascending trend line one day projection is approximately 9420 and the lower ascending trend line one day projection is approximately 9290. Note: The upper ascending trend line has been violated the last two trading days on both charts. The expected break would be to the downside, with final confirmation of the formation coming when the October 8th low is taken out. That my friend would be one hell of a rising wedge resolution...<g> I would not hold my breath on this one....but if it resolves...wow! Donald, I am Emailing you a chart showing a "in your face" SPX Bull support trend line. Regards, LG