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Technology Stocks : Brightpoint - CELL -- Ignore unavailable to you. Want to Upgrade?

To: Mahatmabenfoo who wrote (1658)	6/10/1999 5:09:00 PM
From: Lawrence Burg	Read Replies (3) \| Respond to of 1999

I watch the 5-day charts to signal the end of a multi-day run; roughly drawing a line through the many bottoms on an advance. When the price/trading breaks through the line, more times than not, you're safer taking the profit and walking away. I bailed on HBI yesterday @ 6 3/4 quote.yahoo.com HBI's advance may not necessarily be finished, using bottoms back to Monday, but I got 12%. In a day that's plenty :o) TCLN is similar quote.yahoo.com It failed an intraday run yesterday, but the 5-day still seems to be intact. Now check CELL quote.yahoo.com I threw out the pre-10:00 AM Shake to 6 3/8...MMs musta had some real fun and scooped lotsa stop-loss orders. But the price caught before lunch, @ 6 9/16 and recovered/traded pretty well until it broke upward again, when I posted. I would imagine the momo TA screen I use will now be stained with some selling, but the simple 5 day PV chart seems to invite some more appreciation for tomorrow. Looks like it smacked right up against the previous resistance of about $7.50. It'd be real nice to see that price range left behind. If that 5-day bottom thing remains intact through tomorrow, we should be right on top of the resistance going into the weekend...