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Strategies & Market Trends : LastShadow's Position Trading
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To: Susan Saline who wrote (12195)4/7/1999 11:51:00 AM
From: The Jedi   of 43080
 
Don't know what to do.

Past action it has never gained 22 points in a week. The volume was decreasing (divergence) so be careful. Try to see the 15 min and 60 min charts. There is congestion around 100 and 90 so these could be supports. Earnings next week Thu. Past action it peaked long before earnings. So it may have peaked. Intraday charts show high volume near peaks, so could be selling there. That's all I can read.
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