Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: 0o0o0o0o who wrote (2627)	4/1/2005 11:06:25 AM
From: kodiak_bull	Read Replies (1) of 13449

TKLC: "Whoops there goes another rubber tree . . ." OO, It appears to me that your statement concerning TKLC might need some revisiting: "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)." It appears that this superlative support on a 200 year old tree has had a lifespan of about 16 trading sesssions. In short, the tree which wasn't going to move (for 300 years?) apparently has, and without your permission. We are now testing May 04's lows and will probably soon challenge Sep 03's lows. What is more, on this downtrending stock, we appear to be entering a new trading range, that between 12.50 and 16.00. The downtrend continues, at least for now. stockcharts.com[h,a]daclyiay[pb20!b40!f][vc60][iut!Lah10,30,5!Lc20]&pref=G Calling bottoms on downtrending stocks is a dangerous undertaking. Kb

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