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 & Figure - Beginners (Real Green) -- Ignore unavailable to you. Want to Upgrade?

To: steve wong who wrote (267)	4/14/1999 9:15:00 AM
From: wizzards wine	Read Replies (1) \| Respond to of 322

Steve, Perhaps I confused you somewhere along the way....that can happen sometimes...but, YES GET THE BOOK!!!! O's are usually thought of as support...ie a TB or triple bottom formed at 11 would be very heavy support at 11, and breaking to the down side of 10 would break that support...likely with a big move to the down side further... I say likely here, because it does not always happen that way , but does a high percentage of the time...look at MSFT...it broke the TB and turned right around to go even higher there after.... Hope that helps... Later Preston