LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Daveyk who wrote (7119)	1/25/1999 7:54:00 PM
From: LastShadow	Read Replies (1) of 43080

Watch List & PSIX SYMBOL CLOSE CHANGE CHANGE % IMON 9.625 2.844 41.94% MTIC 6 0.687 12.93% GBFE 1.469 0.156 11.88% PSTA 2.5 0.25 11.11% GTW 68.875 6.375 10.20% PWAV 25.875 2 8.38% FONR 1.688 0.125 8.00% OSIP 4 0.187 4.90% SGI 17.438 0.625 3.72% RAYS 9.625 0.25 2.67% BGEN 94 1.625 1.76% BVSN 41.625 0.625 1.52% CA 48.375 0.437 0.91% GMGC 6.063 -0.062 -1.01% GM 89.75 -1 -1.10% DCLK 96.75 -4.25 -4.21% PSIX has to stay above 31 to stay in its high uptrend, but the thing that bothers me is that the volume is steadily dropping off. This implies unless there is a sector wide rally, it could start forming a pennant. While I am bullish on PSIX, the conclusion of a pennant could go either way. You might to better to take profit soon and reenter after it stabilizes. The huge intraday low-high spread will eventually consolidate, and I suspect it will be towards its lower side. lastshadow

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