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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (20808)	5/4/1999 12:38:00 PM
From: Robert Graham	Respond to of 42787

Looks like a breakout to the upside was made and price exstention is occurring. However, not that it can reverse from here. Correction to a word of my previous post. It should of read "However, note that it can reverse from here." I would never say that a stock or index cannot reverse at any point. Looking at the chart, this is exactly what happened. So beware of congestion areas. It pays to know how to identify them. The Ross book has helped here. I find its identification of 1-2-3 highs and lows, matching congestions on intraday chart, and what I call congestion zones are three things that are helpful to the stock trader. I am sure there is much more to be found useful from his books. Sorry! Bob Graham