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

To: chartseer who wrote (12665)	1/12/1999 4:17:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34809

You must be reading my mind today C. I was going to ask why the spell checker hasn't been updated to acknowledge "internet" as a word... Bothersome.

To: chartseer who wrote (12665)	1/12/1999 4:24:00 PM
From: Judy	Read Replies (1) \| Respond to of 34809

Hey, Chartseer, don't my DIS leaps count? You had fair warning way ahead of the curve, my dear.

To: chartseer who wrote (12665)	1/12/1999 4:50:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34809

Of course if y'all had the DWA box seats you would have seen this comment on December 1st. 12/01/98 [DIS] WALT DISNEY (32 1-2): This stock bottomed out at 23 back in October and has since slowly but surely worked its way back up to the low 30's. When it fell, it went to just above the long term bullish support line and held. DIS has since given a double top buy signal at 28 and moved through the September high of 31. The stock is in an overall uptrend, yet near term is a little extended. The RS chart is still on a sell signal but has managed to uptick. Momentum is positive on a weekly basis, and on a monthly basis is getting less and less negative; we would not be surprised to see this monthly momentum change over to positive in December - that would be a good sign longer term if it happens. DIS is one that could be bought but we would ideally like to get in on the next pullback, say into the 29-30 area. The stop point is down at 21, a violation of the long term bullish support line. dorseywright.com copyright yadda yadda.