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Strategies & Market Trends : Ride the Tiger with CD

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To: Zincman who wrote (57050)	7/14/2006 11:35:06 PM
From: kacy_in_LA	Read Replies (1) of 313075

Monday will be a tell, but CHX didn't close ugly ... down 3 cents on consistent profit taking all day long is not that bad after the jump it had yesterday. Volume overall was a bit troubling, but it took the late swoon in the last hour on rather light volume (~10% of the day's total). Given the turmoil going on in the markets, I'm not sure how much we should read into it unless there is following through down on Monday. TSC was ugly, as it really got clocked in the last 1.5 hours on some pretty good volume. Given the relationship between the two, its a somewhat troubling sign ... but, again, there needs to be another candle to see what's up. These low float stocks can be really volatile, especially at these low prices. Next week will be interesting ... just be sure to have those stops in place (mental at least).

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