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: Richard Estes who wrote (9930)	3/26/1999 12:16:00 PM
From: TA2K	Read Replies (3) \| Respond to of 12039

Richard, Thanks for your answer last night. I switched over to SBAS primarily because its MACD was crossing up through its signal line, and it's been a while since it did that, and the cross-up was taking place just below the MACD-zero-line. What I am hugely interested in at this point is: Is there any way to use TA to decide if SBAS will go above its high in early February. It's at 2 1/16 now. Feb high was 2 1/2. My hunch is that the Feb high will be taken out in the next few days, after a pause in the current activity. But is there some TA way of forecasting how high a stock is likely to go short-term? Perhaps another way of saying this is, what is an appropriate and effective exit strategy that TA can use to get out in a timely manner? My own hunch on this particular exit that I'm anticipating is (in answer to your second question last night): Stay in as long as upper Bollinger Band keeps getting punched on intra-day chart (5- or 15-min.). As soon as intra-day high fails to punch upper BB, exit. Your comments are greatly appreciated (as well as comments from others). Thanks, Nicholas