SI
SI
discoversearch

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 : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: RWS who wrote (28534)4/16/1999 1:51:00 AM
From: Bob Jagow  Respond to of 79308
 
Perhaps related to Pfizer warning today of 'single digit growth looking out the rest of the year'?

Single digit growth is what it's all about :o)




To: RWS who wrote (28534)4/16/1999 2:24:00 AM
From: Doug R  Respond to of 79308
 
R,

First of all the first pole was more than a double on really huge volume. That kind of thing tends to cut down on the probability that a second double will occur. Although, the pullback off that pole was pretty deep so it's still possible.
Second, the volume on the breakout was not exactly impressive.
I wouldn't quite expect any more than 6 3/8 as a reasonable target using a target line from 3/11 low to 3/24 high...but then, who knows...my target for SOF was short by more than 9 points >>gg<<.

Doug R