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Strategies & Market Trends : LastShadow's Position Trading

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To: Judy who wrote (2795)11/18/1998 8:35:00 PM
From: LastShadow  Read Replies (2) of 43080
 
Responses

DRIV - nice jump today, but stayed within the downtrending trading channel, so I don't think its going anywhere soon

CRUS - well, its still trending toward its local maximum, but there is onebig difference now - there has been some patterned fund buying every day for the last 4 days - to the tune of 150,000 shares each day. Looks lime someone thinks its going up. Personally, though, I'd wait until it goes above the upper resistance.

DBCC - If it gaps open and continues up for the first half hour, its a buy. If it falls off I would look to enter at whatever low it can reach and still be avoe the lower trendline - about 6.375-6.50 if you want to accumulate

lastshadow
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