Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (38802)	3/7/2002 9:25:18 PM
From: Pierre	Read Replies (2) of 99280

Zeev: May I impose on you for your technical expertise? I've been playing LWIN for awhile now. Today it gapped big, then dropped to (barely) within the gap, and closed at the lower end of the range - on about 5 to 6 times normal volume. I think I have a pretty good handle on the FA with this one, and there's some news the last couple of days to explain the jump. I watched it this morning as it gaped up and when it failed to exceed the first half hour's high (which also corresponds to some minor overhead resistance), I watched it on a 5 minute chart. I unloaded all my trading shares (accumulated over the last 10 trading days) when it dropped below the then narrow afternoon trading range. I expected it to end with a shooting star, but it fooled me at the close and managed to close above the open. So now I have seller's remorse. <g> I don't want to chase, and I'm worried about filling that gap just below. OTOH, if this is a break-out as opposed to a blow off I want back in. Would you mind taking a look at it and venturing an opinion? Here's the click through to SI's chart on it: siliconinvestor.com TIA. Pierre

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