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Strategies & Market Trends : Charts & Scans

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To: TWICK who wrote (3427)	11/12/2003 7:51:24 PM
From: Ron	Read Replies (1) of 5125

That's an interesting stock. Several patterns emerge depending on what time frame. Looks a little like a rectangle shorter, medium term.. On a weekly, I can see what could pass for an ascending triangle... There's even kind of a double bottom recently on the daily chart..except the second bottom was lower than the first, and I don't like those.. Shorter term daily its in a nice consolidation pattern..and I would be inclined to watch for a breakout on decent volume before buying. None of these patterns look very well formed to me though. And I don't like unclear patterns. HOWEVER, since you are looking at DST for a longer term hold, I'd probably just look at the fundamentals and make a decision on that basis. I'm doing very little buying and holding now, altho I did pick up some BDY on this recent drop.

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