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Politics : High Tolerance Plasticity

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To: Libbyt who wrote (21578)	9/23/2004 6:10:53 AM
From: chowder	Read Replies (1) of 23153

Libbyt, The day before yesterday, I said ... >>> I think it's time to take some profits off the table on EGHT. My indicators are "SCREAMING" pull back time. <<< After presenting my analysis .... Message 20551502 we saw some good news come out on EGHT which caused the price to gap up on the open. We saw huge volume yesterday and the interesting thing about that volume is that it couldn't help push the price higher. In fact, the price came down to the exact point where my indicators suggested EGHT was a "SCREAMING" sell. In studying volume patterns, one of the things you learn is that when volume subsides, the price is due to reverse. I think we've seen that exhaustion gap and I would expect the price to pull back towards the 200 day moving average where I will look to enter if all indicators still look good at that time. stockcharts.com[h,a]dhclyiay[pb200!c20!f][vc60][iut]&pref=G If you didn't get out at the top, you should have been close to it. Since you were in as the run started, you should have some handsome profits on hand. Congratulations! dabum

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