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Politics : Welcome to Slider's Dugout

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To: maceng2 who wrote (6924)11/6/2007 7:56:19 PM
From: SwingTrader2006  Read Replies (2) of 50243
 
Trust thy charts...this one's for you, Ron.

stockcharts.com

Once multi-year support of $39.00 fell...it was a green light to short. Patience is all one needed here as it tested that support a couple of times before giving way. To give you that "warm and fuzzy" feeling about holding a short on a day the market gets a short term rally, you look at how the stock reacts. Does it rally along with the markets? If not, you've got a bonafide *broken stock*. This is what TA is all about, folks.

Target is $30.00. That's almost a 30% gain from TODAY'S close. Merry X-mas Ron!

stockcharts.com
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