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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: thankyou2 who wrote (5606)	12/1/1999 1:01:00 PM
From: Charles Kalb	Respond to of 39683

TY2.............My 2 cents: PCLN has been in a horizontal trading range for a solid three months now and is currently trading just below the middle of that range. Looks risky IMO to enter long here. Best potential trades in this case are when price reacts off the bands of a standard error channel, either short or long, not from entry positions in the middle of the channel which are more likely to go against you. PCLN's hourly and all the minute charts looking weak right now at just before 1 pm EST. Charles

To: thankyou2 who wrote (5606)	12/1/1999 1:04:00 PM
From: Evan Dimmer	Read Replies (1) \| Respond to of 39683

I sure am not a TA king, but it looks like it has some sort of support around the 60 area. I have looked at PCLN in the past at this area, and never pulled the trigger on a buy. I think this could be a good time now, and may even buy myself. Thanks! BTW - the shorts, as far as i am concerned, would only make a rise in the price more dramatic, should it start to make a move......i am not afraid of shorts..... Thomas could give you a much better read on this stock i'm sure....i wonder where he is.....