Technical Analysis With Charts Message Board

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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	8/13/2006 6:16:49 PM
	of 6865

WEEKEND STOCK PIC #3 DHR [LONG] stockcharts.com I have no clue of the market direction other that we are in a down trend 3 month time frame and have trendline breaks on the short term time frame 3 weeks. So to not fight the trend the majority of the pics are short. But I think a bottom is forming and have picked one long as a hedge. We are in the middle of the month and this is also more bearish than bullish. So I am leaning for a down week next week which may set up a better long entrys next week. Reminder , the week end stock pic are price by the opening price on Monday and will exit on the closing price on Friday, this is what happens every week as 5 days trading is about what a short term traders time frame is and is what I am trying to preform by this exercise in weekly stock picking. I would rather pic during the week but as time doesnt allow I have chosen this formate, Prices are in concrete and cant be manipulated on what the actual entry or exit is for illustration purposes.

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