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To: Sili Investor who wrote (14408)3/29/1999 3:12:00 PM
From: Denise D  Read Replies (2) | Respond to of 37507
 
Thanks for the response Sili.

I have to agree that as I have been learning TA I have been finding it difficult to find examples in the tech stocks I've been following. There are some there though. Doesn't TA look for patterns in order to predict future trends?

Don't worry, I'm not ready to rely on my ability to read a chart before making any big moves, I'm just thirsty for knowledge! :)

So, based on my very limited and amateurish TA look at the last few days trading, I will go out on a limb here and predict price action in the next 3 trading hours (obviously going into tomorrow). I do definitely look for any comments from anybody who has any TA experience! Carole?

Mid-morning tomorrow $19.

This is based on:
• though they form over 1-3 weeks, there has been fast action – I see a pennant forming since Fri 13:00
• volume is higher on the upswings and lower on the way down
• volume is tapering off
• there was already an uptrend
• gap first thing Thursday morning which could be a sign of a measuring gap to come

Denise.

PS. Please don't pick me apart like vultures, k?

PPS. Please do not interpret any of the above as hype, though if I thought I saw a trend reversal I would be less hesitant to share it so as not to scare anybody with my beginner skills.