LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: TimbaBear who wrote (13736)	5/3/1999 11:43:00 AM
From: BoNg-N-BoNg	Read Replies (2) of 43080

re: SEBL - draw a line on short term downtrend (from intraday high) from 3/8/99 to 4/27/99 and u can have a short term idea of the direction that's why I said earlier that around $41.50 will be the next resistance (although the downtrend resist. will go down as days goes by) before testing 43.50 on 4/27.. In the past 2 wks., it looks the bottom has reached since it rebounded from low of 31.50 (4/13)but the problem is it just broke the uptrend on the weekly chart today at low of 36 (see weekly low of last week at 37) that we might retest the 31.50 area before we cont. the uptrend... On the daily basis lately, I noticed SEBL tend to gap at the open then a sell off afterwards following Nasdaq pattern before stabilizing... but since this is your long term portfolio, u don't have to worry and u can relax then.. good luck! just me.. eL...

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