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Strategies & Market Trends : Classic TA Workplace
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To: Hawk who wrote (133068)5/25/2006 1:12:02 PM
From: cybersaavy   of 209892
 
Regarding JOYG, it's too soon to tell but the big volume today suggests that stops are getting taken out. Note gap in the low $40's which may act as a magnet on this decline. The other problem is that it remains to be seen if this is a simple abc or morphs into a full blown fiver off the top. No way to know at this juncture. An aggressive trader could take a small position here with a very tight stop, say today's low.

cs

And the breakout appears to be failing here:

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