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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (7151)1/14/2006 12:56:03 PM
From: shades  Read Replies (1) of 13449
 
americanbulls.com

The candlestick software says it may be time to sell ELN because of a high wave bearish harami - phil grande echoes much of your lesson here - that the heavy resistance will be up where all the previous bagholders bought in the 25 range.

What do we put a heavier weight on? The candlestick analysis or the lack of serious resistance until we hit 20+?

Notice from the buy sell candlestick signals - even though you were to take a serious haircut back in 3/4/05 in this stock - if you traded using just the candlestick software - you could have made back most of the losses in a short time - however using the same candlestick analysis you would have bought at the top of 27 and been one of those sucker bagholders holding it when it hit 5.

Phil also said to short FDX on relative weakness.
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