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 : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: steven d. zapf who wrote (9148)	2/4/1999 9:40:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

here is a breakout scan in metastock, you used to be able to put it into TC2000. Haven't used TC in 2 years time. Ref(HHV(H,21),-3)/Ref(LLV(L,21),-3)<1.2 AND HIGH>Ref(HHV(H,21),-1) AND VOLUME>Mov(VOLUME,180,S) Basing is Accumulation or distribution. you wait for breakout to determine direction. the longer the base, the bigger the move. Before breakout, volume usually dies to 1/2 or less of average. If base is longer than 90 days, you might expect a 63% move out of it. Set TC for a 19% scale on price, screen show charts and you can see bases and breakouts in past.