Wayne, thanks for the T/A discussion. As I study COMS' daily
patterns, I've come to have a lot more appreciation on
the T/A way of looking at things. It appears to me that
COMS is somewhat of a 'classic' T/A example in this
'consolidation' - moving up business, correct?
Anyways, sounds like you think a buy, on the way up,
right after we pass $31, is the relatively sure time to
get on the train without going backwards again - correct?
Breaking $31, after all this consolidation underneath, will
cause momentum to move up another level, and break
that $31 1/2 resistance point. Is this correct? Personally,
I would think that $31 is not the 'stop buy' point. I would
make it more like $31 1/2 - $32... just intuition of past
resistance points I've seen...and thinking that a lot
of those people that initially bought at around $31 3/4,
after earnings report, want to get rid of this stock since
they didn't figure on the psychological torture of going
back down over 10%. They expected easy $$ with a quick
move up to $35... (even I did<gg>, but nothing is going to
shake my shares from my firm grip<gg>)
Let me know what you think?
thanks,
joe |
