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Non-Tech : Invest / LTD

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To: Shelia Jones who wrote (1290)	7/23/1998 5:35:00 PM
From: Thean	Read Replies (1) of 14427

Intraday chart case study on FGII: wysiwyg://87/http://www.iqc.com/chart/default.asp?period=180&time=15m&chart=candle&chart1=bb&volume=y&stochastics=y&symbol=fgii Since I am very comfortable trading FGII lately let me share something with you. First you open the above link and see what stand out as extraordinary. Now, (scroll down) . . . . . . . . . . . . . . . . . . Surprise! The heaviest price swing always take place in the first half hour of each day. In most instances, it was a gap up or spike up followed by rapid fades. Interesting? Well, I think this simple recognization can be an advantage for quick trades. Now today FGII has been compressed whole day between 22.5 and 23. If sentiment is no good tomorrow morning, I can see FGII opened at 22. If sentiment is good, I can see FGII open at 23 and if the whole sector moves positively after that then a buy stop above 23 after open would be good. Tomorrow is going to be more difficult to call though since there was no trend going into the close today.

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