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

To: AlienTech who wrote (37801)	8/16/2000 3:29:08 PM
From: ken-l	Read Replies (1) \| Respond to of 43080

AT - BWAY i wouldnt touch it, man, unless it breaks the upper down trend line resist @25+/- !!! although it does look like <at the moment> it's going to close with a reversal 'hammer' pattern today, it also prints a lower low/lower high, and it still needs a confirmation tomorrow for the trend reversal !!! to complicate things a bit further, till the compx can prove that it'll hold the lower trend line support @3585+/- <should be higher tomorrow>, i wouldnt take a new position !!! dont overlook the lower support @17+/-, dude <very strong support there, by the way> !!! the long term down trend line resist is trading a tad higher than the 10dma @25+/- which is also its short term 23.6% retracement !!! should pretty much give it a hard time if it tries to break the down trending pattern !!! nevermind the double bottom in the 30min intraday chart, AT ... gaining a buck is not worth risking 5 bucks for it !!! aside from the lower trend line support it tested this morning @22.25, the next lower one are @20+/-, 18.50+/-, and 16.87+/- respectively !! i havent done the fib retracements on this one, AT ... till it confirms its bottom !!!! my 2 cents !! regards, auto ps. this message is not an advice to buy/sell BWAY