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Strategies & Market Trends : Bottom (and Top) Pickers, Unite!

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To: Rob S. who wrote (8)1/15/2001 1:20:58 PM
From: Teresa Lo   of 214
 
Instant Analysis: ARBA

After a pop up to test the downtrend line, which failed, ARBA is set to do a test of bottom: ispeculator.com

Given the volume on Friday, we know that we're in the process where all the people who want to sell are getting off their stock, so perhaps it is moving from weak hands to strong hands. Nevertheless, we'll see if it can make a decent test of bottom, and perhaps set up a 2B test: ispeculator.com

If it does make a 2B test of bottom and sets up a reversal, we would be looking for resistance at $49-$50 overhead, at the April 2000 lows: ispeculator.com

Teresa
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