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Strategies & Market Trends : Charts for Bottom Breakout

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To: Ed Huang who wrote (2567)6/19/1999 3:27:00 PM
From: David Jones  Read Replies (1) of 3105
 
Thanks Ed: O ya I think most are waiting till DIMD can move above their last high for what may be a break out. The DT's will take notice and I hope a spike will occur.
We are looking at summer trading patterns though and some ppl I have talked to think it may trade sideways for awhile. Not saying it couldn't move up regardless. Looking at the monthlies it's not unreasonable to expect it to move back to the 6-7 area regardless of the summer doldrums. My moneys on that it will.
Some dd/news will have to convince that longer term players.
I'm more than likely in and out till Christmas at the least.

Dave
ps: 50 and 200 day averages basically means little then unless the stock moves above them??
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