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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (278)11/5/2004 7:59:41 PM
From: tom pope   of 13449
 
Thank you dabum. I have DYN in my long term portfolio, at an average cost of 3.16, so you can say I like it very much. I allowed myself to be stopped out of my short term trade late today for very short term reasons. Money flow became negative after the run to 5.23 last week, which suggests to me that there is a large investor or investors unloading, and the stock will be under some pressure until he/they are done.

Longer term the pattern is just as you say it is, and I intend to ride with DYN for a good deal longer. And I intend to be ready to get back in with a short term trade as soon as it looks that what I see as the current sell side pressure subsides.

This chart has the money flow indicator I was talking about:

stockcharts.com[w,a]dhclyiay[dc][pb50!b200!f][vc60][iUh14,3!Lc20]&pref=G
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