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Strategies & Market Trends : Galapagos Islands

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To: gypsees who wrote (36975)4/16/2003 4:23:14 PM
From: bramble88  Read Replies (2) of 57110
 
I agree about the candle; in fact it makes a very nice shooting star/evening star. Interestingly it is at the same level as the last breakout above 15 and looks generally similar.

stockcharts.com[e,a]diclyyay[pb50!b200][vc60][iub14!uk14!lh14,5!la12,26,9!lg][J10897059,Y]&listNum=3

I don't think the volume is too bad, but with the candle shape taken into account, it may portend more of a capitulation than a persuasive breakout.

Looking at the 15min chart, though, most of the volume is on the up-move..

I'd say it could go either way, but am definitely rooting for you guys. I love shorting this stock and think it is way overpriced.
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