Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: waverider who wrote (12044)	5/9/2002 4:12:20 PM
From: waverider	Read Replies (1) of 36161

TA Alert on SWC. Pull up a chart on SWC. You will notice the one year down trend line was broken around the 1st of March. Then that SEC thing come up and messed with the patten...but it seems that the market has discounted that and is now evaluating the company on other issues. So what we have now is a symmetrical trianagle moving up in an uptrend. These patterns are usually resolved upward IF my evaluation of the uptrend is correct. Watch this stock carefully. I am betting on an upside breakout and will be trading accordingly. Make your own decisions! wr

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