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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (130463)	3/9/2006 10:18:27 AM
From: bcrafty	Read Replies (1) of 209892

ski, I'm going to ruin my reputation as a bear... ;) Naah. If anything, it further solidifies your reputation as an anticipator ;~} On the daily it looks like it hasn't yet broken the upper trendline of the downtrend after the gap down on 1/18. And although it's oversold on the weekly, it still looks to me like it's in a C down from the 1/04 high and will take out the 9/04 low of 19.29. That together with the uncertain SOX picture would give me pause at this time. What is your stop and your target on this trade?

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