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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Galirayo who wrote (18208)5/26/2006 11:07:48 AM
From: Ken W  Read Replies (2) of 23958
 
Ray

Presently PEIX is a nice range bound swing trader between 30 and 25....I like to think of these kind as a kids swing in the back yard. The kids pumped like heck at 15 and made it all the way up to 40 where the interia (I can never spell that word) caught up with it. As it reached the other end of the swing at 25 it came back to 31, back to 25, getting ever slower between 25 and 30..Once the swing is over, somewhere around 27 someone will have to push the kid into pumping his legs again. In the meantime traders hit just under the top of the swing and just over the top of back swing.

Use the force Luke, trust the charts and keep the kid in the back of your mind..all the while keeping an eye out for Caine and that damn flute. LOL

Ken
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