1998 Magic 25 Message Board

STOCKTALK

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Strategies & Market Trends : 1998 Magic 25

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To: Dale Baker who wrote (113)	1/7/1998 8:36:00 AM
From: Loren	Read Replies (1) of 116

Dale - Maybe I'm too strict, but I don't see a support level at 12 1/2. I just see a stock that was briefly driven that low, and then recovered some. For it to be a support level, I would have to see more times/days when that price was touched and then reversed. I only see yesterday and 12/11. The way I'm looking at BTO is as follows: Daily Data - Gave a sell signal on Monday 1/5. Weekly Data - Indicators have turned down. Not a sell yet, but not a buy. Hold. Net... long term hold (or wait, if you are on the sidelines), short term sell. Pick your timeframe, and act accordingly. This is not a recommendation, but reflects what would happen if I happened to be trading BTO. Loren

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