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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Sergio H who wrote (17122)4/3/2006 12:31:32 AM
From: Ken W  Read Replies (1) of 23958
 
Sergio

The weekly on OTIV is not comfirming a bottom yet.

stockcharts.com

The 12 spot may hold for a bit, but I would use it more of a relief rally trading op than a add and hold...11 is also a support and may be a better place to add...if that breaks then 9 is about the end of the downside game. A large volume day 2 to 4x average volume with a lower low would signal a final "I give up". Much like a blowoff top, just in reverse.

Ken
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