EDS - Recent pullback a buy opportunity??? Message Board

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Technology Stocks : EDS - Recent pullback a buy opportunity???

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To: Larry S. who wrote (1806)	11/25/2002 9:49:52 AM
From: kodiak_bull	of 1841

Larry: I guess a lot depends on your timeframe and timeframes are like a##holes, everyone's got one and etc. My own time frame is sort of a maximize profitability in the medium term, which could be anywhere from 2 weeks to 6 months. I'm not surprised after 8 weeks or so of stabilizing and rising prices that some indicators are getting toppy. It's giving short time sell signals to those who are trading for 5-8% gains. Those who bought at 15 with short term time frames are getting itchy. But if you look at the gallery chart below you see 3 different stories. First the intraday which shows the toppiness. Second the daily which is now above the 50 day on pretty good support and looking up at the 200 day waaaaaaay up there. A big nice gap, lots of clean space above which means no resistance. The pattern is even better, since we have 2 bottoms on high volume, a solid 5 week base (cup) and a handle and a breakout. The chart couldn't be better if you read IBD a lot. stockcharts.com The weekly and the PnF both say it's time to rise and it's time for investors to be patient, so I'll try to be patient while I watch it rise. What could go wrong? Well, we could always have a news driven 3rd bottom. That wouldn't be fun, or something else could go wrong. I think what we're looking at, though, is a stock where there are no more sellers (shorts are covering, longs have been replaced by us) and nothing but buyers left (shorts are covering, longs like us are getting in or adding). Just my 2 cents, Kb

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