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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Brian B. Cole who wrote (5034)8/5/2001 5:57:54 PM
From: Michail Shadkin  Read Replies (3) of 6873
 
Brian - PWAV

The sector just got upgraded.
I dont like the chart much for shorting.
PWAV has been more of a slow creeper than a spike and dump.

There is some resistance here and possible double top, but I see more of a cup forming here. I expect small pullback (a handle) followed by a breakout above current level.

JMHO

Best Wishes
Michail
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