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Strategies & Market Trends : Analyze The Trade: Home of the T/A Archive

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To: Ta_Bo who wrote (216)	2/28/2002 1:48:00 PM
From: Dominick	Read Replies (1) of 232

I'm long MRK, and F for position trades based on this same principle... I may be wrong but, judging from the charts, I think you're going to be holding them for a good while. MRK broke through support with wide spread heavy volume but rallied back through support with lower volume. This makes 60 a critical number to hold for support. F had rallied up to it's 20 MA on low volume after breaking support on heavy volume and backed off making 15 +/- a critical support. A positive news event would help. Dominick

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