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Strategies & Market Trends : Sharck Soup
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To: velociraptor_ who wrote (10808)3/6/2001 5:01:43 PM
From: herry iball   of 37746
 
V - a good trader from another thread pointed out FWC as a possible short candidate, but I thought that the continuing high volume presented a problem with it, and stoch.s aren't as overbought as I like to see. It ran from about 5 to 15 since end of January, and continues to make new 52 week highs. Could be due for a pullback.

That said, there's a beaut. of a reversal candle on it today, and the last candle on the 5-minute chart is one big black puppy with a killer tail.

Any thoughts are appreciated.

Rap
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