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 : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: Bwe who wrote (325)	4/10/1999 8:57:00 PM
From: Smooth Drive	Respond to of 2103

Bruce!! Good to hear from you. (For those who don't know my good P&F friend Bruce from NY -- he is the KING of P&F chart reading on SI. I can carry his binder of hand charted P&F charts -- but that's about it.)<g> >>Where did you begin drawing the second Bullish Resistance Line<< It starts at the 67 box back in September. Didn't have enough room to show it. The third BLRL starts back at the 70 box in August. I stole these abbreviations (or some that were close to these) from Ben. They don't seem as confusing as BRL and brl etc. You are right about the Revised BLSL at 96. I didn't want to throw too many lines on this first chart. But -- since your now here I'll start adding the revised and short term lines if they don't get too complicated. As you know -- on my hand chart of QQQ I have put in all these lines but they begin to look messy here. You're also right about a possible high pole at 102. For those that don't know, when a column of X's go at least 3 boxes above the previous column of X's and then reverse down more than 50%, there is an 80% chance of an ensuing sell signal. A high pole signal would be right here ---- QQQ CHART 114 112 X 110 4 ? 108 X ? 106 X X X ? 104 X X O X O X ? 102 X O X O X X X O X ? < Possible 100 X X O X 2 X O X O X O X High Pole 99 X O X O X O X O X O X O X 98 X O X O X O X O X O X O X 97 X O X O O O X O X O 96 X O X O X O X 95 X O X O X 3 X 94 X O X O O 93 1 O X Take care Bruce, Eric