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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: Spreck who wrote (621)11/30/2004 1:41:07 PM
From: chowder  Read Replies (2) of 13449
 
Is this a short term trade or long term one?

In the short term, it looks like one can capture a quick 50 cents but, on a longer term trade, you have price resistance at $49.16.

If the trade is for the longer term, one should wait and see if it can break out above the old high.

So, one's time frame determines the strategy.

stockcharts.com[h,a]daclyiay[pd10,1!f][vc60][iut!Lah10,30,5!Lc20]&pref=G

Wishing you well on your trade.

dabum
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