Contrarian Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Contrarian Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pcyhuang who wrote (819)	11/24/2006 11:24:33 AM
From: MACD X	Read Replies (2) of 4080

The charts on CWTR, bullish and bearish. first the bullish version stockcharts.com stockcharts.com This is a large reverse head and shoulders possibility which projects price high very far up the chart because of the size of the pattern. This is the bullish view and the one that I always post behind one of Pcyhuang picks. I usually dont post the bearish version as there always is one. But in this case Pcyhuang has broken away from the capitualtion after a down trend that has been the icon of all of his picks to going to a trendline break on high volume. Because of this trendline break on high volume I am going to post the bearish version which is below stockcharts.com stockcharts.com I am not going against Pcyhuangs pick but would hope that he may go into some detail on the risk of picking a trendbreaker on high volume when so many gap down on high volume after a decline are readly available. The likely hood of capitulation seems more likely after a lengthy downturn verses a trend breaker gap down. Pcyhuand , your thoughts ,explainations and discussions please.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next