Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: mishedlo who wrote (136157)	11/29/2001 4:26:14 AM
From: sun-tzu	Read Replies (1) of 436258

Mish, Re: PMCS Pull up the chart on a log scale. draw a trendline connecting the 94, 96 and 98 lows. now you can see the last 2 weeks is a battle for that level. yeterday's candle rests squarely on that line from above. it's a textbook bounce play off that level for 1 to 1 1/2 points...roughly 5% on the trade for an overnight hold. as far as buying that at the close of yesterday, that's part of the art of trading. sentiment was way too negative. every trader i know is either short for a crash or short for a pullback. i couldn't find anyone who wanted to buy. that makes me suspicious.

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