LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (21265)	9/8/1999 5:34:00 AM
From: Dave Shares	Read Replies (1) of 43080

Position Watch List ASDV 17 5/16 TENF 29 5/8 ASDV has recently tested support in the mid 15 range. While a pullback to 16 would be better entry (with a stop of 15), it has potential (in my opinion) to test mid 20s, so entry here still has good reward/risk ratio. TENF is relatively thin traded, so some may want to avoid it. It is setting up a potentially bullish point and figure chart pattern known as a bullish triangle if it prints 32, which could bring it back to test its highs in the upper 30s. Alternative entry would be on a pullback to 27 area with a stop at 25 which is a break of support. David

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