123 Trends and Reversals Message Board

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Strategies & Market Trends : 123 Trends and Reversals

QQQ 629.07

+0.5%

Oct 31 5:00 PM EST

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To: Michael Watkins who wrote (62)	2/3/2001 1:06:38 AM
From: Ally	Read Replies (1) of 147

Michael, beautiful chart of RIM! 2B and subsequent completion of 123. What now? Wait for a retracement before short? See daily chart of RIMM below. Looks to me, immediate target is $52, the support level of 2 previous low candle sticks. Next target is $44, the low of Jan 3rd. On ADX, the D- is about to cross D+ on rising ADX. In the past short, ADX was good indicator. Cover when gap of D- to D+ is about maximum with ADX>40 siliconinvestor.com

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