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 : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: freelyhovering who wrote (227)	5/12/1999 9:10:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 1316

<CMGI> Nice going Myron. According to DeMark's work, CMGI is off to the races. Draw a line from the 4-26 high of 36.5 to the 4-30 high of 34.5 and extend the line on the right side. Note that on 5-10 the trend was violated on the upside. How high will it go? Start at the crater when MSGI went to 21.25 on 4-20. Draw a line straight up. Draw a line from the 4-19 high of 39 to the 4-26 high of 36. Note where the lines intersect. Rounding off, the intersection should be at around 37. Substract the low price form the intersection price (37 - 21.25= 17.75). Add that number to the price of the trend breakout and you have your target price (31.25 + 17.75= 49) AS