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

To: ACAN who wrote (29847)	5/22/1999 1:49:00 PM
From: Doug R	Respond to of 79237

Allan, ANCR can only be said to be a breakout over the double top highs of 2/98 and 1/99 which were 9 1/8. Although not a MIMBO, it's a good one. The move it's making here will be the MIM. Getting in early on a MIM can be nicely profitable. For ANCR, early would have been back around 6 1/2 or 7 1/2 at the beginning of May. Now it's a bit scary and probably best played after any pullback from here on a quick trade basis. Of course it could just run again Monday but would require a nimble entry/exit. DIAN just might be doing it here. Expect a retest of the BO. Watch the volume. Remember to also pay attention to the overall market environment. I'd say DIGL is also putting in a MIM here since the 10/98 peak likely does not have the 89, 3, 5 strength to qualify it as a reference peak. Doug R