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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Terry Whitman who wrote (31830)3/8/2002 10:59:57 AM
From: TechTrader42  Read Replies (1) of 52237
 
You're right, Terry. I'm glad I didn't short INTC.

LU is possible short at around 6.77, the 200 SMA. But it still has a gap to fill from 12/12/01, so I suppose it could go to 7.57 at some point and fill the gap. Let's see whether a shooting star forms today over the hanging man. Candles can sometimes take a couple of days to show what they're worth. I think it would be very risky to buy it at this point, particularly with that intraday candle that's forming. If it formed a better candle and broke above the 200 before the day was out, it might look more promising.
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