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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Sirius_Rich who wrote (4815)	2/10/2005 2:34:30 PM
From: Vendit™	Read Replies (1) of 8752

Rich, Giving exact trading advice is something that I am not licensed to do; however I can teach you how to trade technically using the charting methods that we talk about on this thread. 139.142.147.218 In the chart above I see the daily candlestick that is forming is called a “hammer” which is often found on short term bottoms so today that would be considered one bottom indicator. Yesterday’s low of 76.66 would be the current upper resistance so any trade above that level would be considered a break out above short term resistance and a good entry point from a technical stand point. If an entry was made at or above that level then a stop loss could be maintained near or just below that level (76.66) as a safety measure. Reid

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