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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: ok1day who wrote (52692)	8/10/1999 11:26:00 PM
From: stan s.	Read Replies (1) \| Respond to of 90042

PCLN, go to the java site and draw a down trend line at the top of the real bodies on April 30th, May 25th, July 1st and July 19th. You can see that in order to break above this down trend line PCLN will have to break over the upper mid 80's or so point in the next few days...that's roughly speaking since it (trend line) dips a little each day. This mark of 85+ coincides (approximately) with some weak straight line resistance of 85 dating from July 28th. That is the point at which I would consider buying...on a break above and hold above, on a closing basis. That would indicate some strength. equis.com If that seems too long to wait, a riskier play would be to buy on a strong break over 78...with the hope of a surge and successful test of 85+ but be careful, the longer term trend here is still down and I would not advise the latter move at this time unless the market strengthens a bit. Good luck, the above is strictly a TA analysis of course. Stan