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Strategies & Market Trends : Chart Formations
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To: Casaubon who wrote (797)6/16/2005 9:53:09 PM
From: sean sanders  Read Replies (1) of 967
 
I was checking over my watch list and came across FNM.

I like this chart alot. I always hate to get in after a large white candle day; but it looks like this one should hit 66~ eventually. Near term probably 62.5~

I have to work too early to see what happens at the open and I dont like placing orders when I cant see the open. So unless it pulls back and lets me buy some at lunch; I'll have to pass.

If you look at the chart thou; theres a massive h&s top on the weekly or monthly and basically we broke down and formed a bottom and started coming back up.

AMD - I'm thinking AMD will pop up a little in the near term 18.5 (I like AMD anyways; like to keep an eye on techs that interest me personally). But its direction is hard to say atm; depends what the tech market is doing.

TASR - still in TASR here; if it goes any lower then the low of today I'll have to get out. I still keep this one on my watch list because of the nice ride I had in the past.
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