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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: ok1day who wrote (52309)7/13/1999 10:53:00 PM
From: stan s.  Read Replies (4) of 90042
 
Hi ok1day, thanks for the kind words, got in late last night. I'll be around for 3-4 days then gone again 'til the end of the month.

I'll probably take August and September off to trade.

As for TFSM, it probed general resistance in the 46, 47 range within the last day or 2 and decided it didn't care for it...tested a little gap support today.

You called the gap just right...it got filled today, so the top of the real body offers a little support here at 41 3/8. Filling a gap and getting it out of the way is beneficial IMO. That is not strong support however so use caution. If it retests there and fails on a closing basis then 35 becomes likely support.

But don't jump the gun on a sale...I haven't drawn it in but at the moment it still appears to be holding that nice trendline, I'd ride that 'til it fails...news, earnings notwithstanding of course.

Best of luck!!

Stan

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