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Wizzie, could you look at two for me? First, some weeks ago when I asked, Jan suggested waiting for VTSS to pull back, but it did not and took a long run to 36. Pulled back only slightly and is now sitting way above BSL at a spread sextuple (?) top at 36 again. Chartcraft had a PO of 70 when it broke out in late Oct...at this point, I know semis are at 70++ but the FA is great...and nothing above 37 historically.. given the chart, is it too late or.would you buy now, or wait till it gets above 37 or none of the above? If you did buy, would you sell on first 3 box reversal? Second, PWJ has come a long way back from low and looks to be about to break above BRL @38, Chartcraft has a PO of 78 on it and the sector is Bull Confirmed @56, would you wait till it broke DT at 40 to buy as it looks like it has a pretty clear run then till resistance at 48/49? If it did run to that level, would your SLP then be 44? Sorry to have so many questions, but the charts seem skewed with the Oct lows, and I'm reading the book, but need to have someone let me know if I'm thinking correctly. Thanks so much! |
