Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 681.76

-1.1%

Dec 12 4:00 PM EST

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To: thankyou2 who wrote (5606)	12/1/1999 1:01:00 PM
From: Charles Kalb	of 39683

TY2.............My 2 cents: PCLN has been in a horizontal trading range for a solid three months now and is currently trading just below the middle of that range. Looks risky IMO to enter long here. Best potential trades in this case are when price reacts off the bands of a standard error channel, either short or long, not from entry positions in the middle of the channel which are more likely to go against you. PCLN's hourly and all the minute charts looking weak right now at just before 1 pm EST. Charles

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