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To: bobby beara who wrote (55311)6/27/2000 11:38:00 PM
From: Hawkmoon  Respond to of 116756
 
Looking at the chart for PWER, I would say you would have been crazy NOT to short it. Definitely topped out and looking to retrace back to $90, IMO. That would keep the trend intact on the upward channel. Below that... watch out.

Knowing nothing about the company or its fundamentals, I would say that your short is good down to $70-75 unless momentum picks up again. But the Stochastics are rolling over and MACD has topped out.

Regards,

Ron