Charts for Bottom Breakout Message Board

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Strategies & Market Trends : Charts for Bottom Breakout

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To: Ed Huang who wrote (3095)	3/22/2002 9:13:55 AM
From: Tom Shutters	Read Replies (1) of 3105

Ed, I took a few pennies and sat on the sideline until Wednesday. The bottom at 4.10 was screaming BUY ME NOW. Back in LU at 4.12 but almost sold too soon as there was a change in the chart. The one minute chart had been the best chart on the way down. Suddenly after the turn the best chart to follow is the 10 minute. I can't decide if the shorts are trying to let the price rise back to $5 or if they are actually covering their short positions. The price indicates covering but the volume is falling. It will be interesting to see if LU continues up today and it will be more interesting to see if I'm back in cash by the close today (Friday). Will be running charts this weekend and hope to find some new opportunities. Tom

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