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Politics : High Tolerance Plasticity

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To: Steeliejim who wrote (13115)	4/4/2002 5:12:18 PM
From: chowder	Read Replies (1) of 23153

Jimbo, As you mentioned, HC has hit a level of resistance as shown on the Relative Strength Indicator. Later in the session, HC twice tried to rally only to be turned down each time. HC may correct back down to the 10 day moving average. This would be normal. The price was getting ahead of itself. The upward trend is still intact at this time but HC may need a day or two of R&R. We'll have to revisit with it then. I sold my PGO the other day after it's nice run up. I made 20% plus in two days. The reason I sold is because the price outran the 10 dma by a long shot. When this occurs, most often corrections follow to bring the price and moving average back in line. I also mentioned PVN would probably correct back to its 10 dma and it did. Today the 10 dma served as support. It appears, at least to me, that the same thing is occurring with HC. Those with a longer term view shouldn't have to worry at this point. The 10 dma is rising and that's important. It should help support the price, absent any market moving news between now and then. stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Ub14!Lh14,3!La12,26,9]&pref=G dabum

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