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Pastimes : ASK Vendit Off Topic Questions
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To: horsegirl48 who wrote (18676)2/1/2001 12:40:45 PM
From: Walkingshadow  Read Replies (1) of 19374
 
As I write this, intraday support still holding, and PWAV technically oversold. Seems to be trying to gather its forces for a move up from here, but has not actually begun to move yet. Given that it is lunchtime in NY, it may just stay here until everybody gets back from lunch, and the reversals begin going into the final hours. If this happens, then all the moving averages will converge, and usually the first break will be the direction the stock will continue in. If this happens early (around 1:30pm EST) and PWAV rallied, I would look for profit taking in the last half hour. If this happened late (2:30 pm or later), it will probably rally right into the close. The same would be true of a downside break also.

JMVHO,

WS
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