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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (14538)5/20/1999 7:06:00 PM
From: bobby beara  Read Replies (4) | Respond to of 99985
 
Les, the move out of this nutz triangle should be pretty dramatic, it is a perfect coil, the possibility of this being a B wave triangle is starting to look like a real possibility, some nutz received upgrades today but didn't move, from the possible A wave low on 4/19 you can count an ABCDE, the triangle points to the January lows.

For a sample of a B wave triangle, look at the spx chart of april-may 98, lots of techies thought that triangle was a bull flag that formed out of the late April drop.

bb



To: Les H who wrote (14538)5/21/1999 2:24:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
>>>Look at the reversal on SWS (mydiscountbroker) today. 16 points on a 80 dollar stock, or a 31 dollar roundtrip. Most of the other i-brokers were similarly off.<<<

Les, tweezer top hammer blow out of the bbands and come back inside buying climax.

Disclaimer: i just shorted it -g-


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News