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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (19130)	8/9/1999 5:15:00 PM
From: Dave Shares	Respond to of 43080

BXM You wanted a P&F read. The chart sucks, but you already know that. Right now the chart is in a column of Xs which is good. If it prints 19 1/2, it reverses back to Os, which is not so good. But if that does happen, a buy signal is generated at 23. Otherwise, there is no buy signal until 32. Current resistance is 29, if it prints 19 1/2, the resistance moves down to 27. The only support on the chart is at 18 1/2, and another sell signal would be generated at 18. As Chartseer would say, a PnFer wouldn't touch this one, but I understand that you bought and are holding based on fundamentals. My wild aed guess is that it consolidates in the 19-22 range for a while, and where it goes from there I wouldn't even try a wild aed guess. Good luck with this one, David