January Effect 2005 Message Board

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Strategies & Market Trends : January Effect 2005

IWM 264.81

-1.8%

Jan 23 4:00 PM EST

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From: rchlrvn	12/29/2004 4:06:22 PM
	of 76

XYBR worked for me early in 04. May try again for early 05. I'm pretty technically oriented. But I like to see good fundamentals and/or a good story combined with tech indicators. XYBR has a story--wearable computers. And a China hook--owns 60% of its China venture (with Softbank.) Is kind of stock which can run hard and fast. Hit 52 w low 0.97 late Oct., rallied to 1.48 Dec.13, has ground down steadily since to where it is, near 1.23. Is near 200 day moving average (1.26), slightly above 50 day MA. Vol. today relatively light, like much of market. Industry group relative strength and XYBR accumulation/distribution rated A- in a source I use. XYBR up to down vol. ratio 1.8 (above 1.0 good, the higher the better.) XYBR relative strength less than 20 over 12 mos., RS 7 last 6 mos.,improving to 61 last 3 mos. (RS likely declining again in light of grind down.) In chart reading one thing that has helped me was learning that a 3 to 5 bar candlestick move in one direction often (not always!) precedes at least short-term trend reversal. XYBR has three down daily bars. IF I enter trade I won't give it much more than 1.15 downside. If uptrend resumes it might challenge the 1.48 again soon and provide trading chances no matter if it succeeds. Anyone who trades XYBR needs to watch very closely and be quick to hit the door if need be. Anyone have XYBR opinion?

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