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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Vendit™ who wrote (3714)1/12/2005 12:47:34 AM
From: Walkingshadow  Read Replies (1) of 8752
 
Hi Reid,

There is another tall black candlestick that precedes the one in early December, and these together span the range from about $26 to 32. This will be powerful resistance, I think. Both have considerable volume, though it is rather hard to appreciate because of the scale on the volume histograms being distorted by the first day's trading.

139.142.147.218

I think the combined candlesticks will produce potent resistance about half-way between the top and bottom, or about $29. If I were trading PLAY, I would be delighted to exit at that level, if it can get there.... there are other levels of resistance between current prices and $29, as you can see.

T
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