Replies to post #19834 on The Black Box

[Bacchus_II]

Bot 1k shr of SNDK at 20.82

PS: being an AMD's fidel ... it's like a sine but ...


RE-PS: nevermind I re-sold theme at 20.90

[sylvester80]

At the close, the mid point of the channel was at near 20.48. Top at near 21.30 now. Bottom at near 19.50. I can see two possibilities while we are still inside this channel. Either hit the mid line or somewhere in between (gap open is at 20.79 from yesterday) and head back up to tag the falling top line, or break the mid line and head for the bottom. Break the mid line and it's a sell signal, break the top and it's a buy but also look for a back test on any breaks. JMHO.