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Strategies & Market Trends : Rande Is . . . HOME

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To: carepedeum2000 who wrote (18845)1/18/2000 10:51:00 AM
From: Proton  Read Replies (3) of 57584
 
RE: XYBR at Support

Friday, I mentioned the importance of resistance in XYBR at 12. Today, a trader had a 22 minute window from the time XYBR penetrated 12 (on escalating volume) to launch time. Besides a possible outtrade at 1005 ET, the worst weasel on XYBR was above any reasonable stop. Profitoften for a 2 point (~15%) gain in another 22 minutes.

If 12 holds today (!), it changes from historical resistance to critical support.

P.
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