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Strategies & Market Trends : The Rational Analyst

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To: HeyRainier who wrote (163)	1/9/1998 3:17:00 AM
From: Chris	Read Replies (1) of 1720

[kodak] great stuff rainier. your post was orgranized very well... couple things to comment: 1) weekly looks bottoming, however, STRONG reistance at $65 as you noted in your post. bottoming meaning it will take a couple weeks... this is also highly dependent on the mkt (trade with the trend remember?) 2) daily: ovebought signals already seen since you are shorting.. i would watch to see if kodak can pierece the 9 day ema to the downside (62.41) if it does, then we will see a retest of the 50 day sma (60.2) i would ideally then close my trade at 60.2.. hope it helps..

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