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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: bdog who wrote (31348)7/28/1999 9:05:00 PM
From: wmwmw  Read Replies (1) of 79230
 
bdog,
SWRX today performed not as good as I expected, and the technicals is less favorable now than yesterday. It may pull back tomorrow but has support at $6 5/8. My risk in the worst case is whether I can survive a margin call before it come back .
The factors that affect a stock's performance are company fundaments,
technical and general market environment. Patterns are function of all the three factors. If one or two of factors vary, patterns will change accordingly. When you study charts without considering the factors that behind them, you only see results but not the causes. Only you put all three factors into your charts, you can best understand stocks' performances.
SWRX in this case is not the pattern you and others in this thread mentioned, that a dead cat bounce. Those are fundamentally dead but technically oversold stocks, may or may not drop below their valuation before bouncing.
SWRX is not dead, its fundaments have not changed any, if you study its press release. Currently there are many rumors around this stock that make the situation complicated. But if the market can stay at or above current level, it will finally come back. The only thing I have to do is to wait a longer time.
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