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Politics : High Tolerance Plasticity

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To: kodiak_bull who started this subject	8/22/2003 6:28:50 PM
From: chowder	Read Replies (1) of 23153

Here's an interesting set up. ARW has formed a possible evening star pattern. Definition of an evening star: stockcharts.com If the pattern is completed, we could see that gap fill on ARW, making it a good short term short for those who don't mind shorting stocks in an uptrend. The volume pattern today almost certainly won't repeat itself, and as volume drops off, profit taking ensues. Whenever you see a volume spike, like today, and the candlestick pattern is indicating a bearish bias, it usually means you'll see the stock pull back. stockcharts.com[h,a]daclyiay[pc20!b50!f][vc60][iut!Lc20!Lg]&pref=G Add to that, the market flashed a reversal signal today. If the market decides to confirm that reversal on Monday, the stocks that had the biggest run ups are going to see some nice pull backs as professional traders protect profits. Just some food for thought. I know nothing about ARW. I just thought the technical picture was worth noting. dabum

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