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Strategies & Market Trends : Strictly Buy and Sell Set Ups
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To: kodiak_bull who wrote (2625)3/6/2005 3:43:18 PM
From: 0o0o0o0o  Read Replies (1) of 13449
 
Obviously your looking at the tree and not the forest but to put it bluntly, you're looking at the wrong time chart. If you pay attention to my post, I spelled out the time frame and what to look for. Of course it's in a temporary down slope and because the MACD/ST were down sloping too which makes this business what it is, buy low sell high. But sorry to say, most Investor's don't follow that rule very well. Touching a support line that was made since 1994 is like riding a bike into a two hundred year old tree that has the life span of 500 years. The tree ain't going to move. It is a very strong support(does'nt get better then what is being shown). The upper downtrend line is drawf compared to the lower upward trend line which signifies a much much temporary weaker resistance. It is also 3/4 down on a decreasing triangle with an soon upwardly trend MACD/ST which as all these factors converge together in the very near future, more than likely the breakout will occur upward and explosively. Of course this is Just my opinion and not advice or anything but I am buying in even if for the short term for a quick buck. The trend is your friend and something like this might even warrant the expession let your profits run!
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