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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: lurqer who wrote (59527)	9/28/2000 2:06:25 PM
From: KymarFye	Respond to of 99985

Volume on SEBL doesn't look like a blow-off to me, though wouldn't be surprised, of course, by any stray bit of buyer's remorse amidst this longstanding uptrend.

To: lurqer who wrote (59527)	9/28/2000 2:06:52 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

lurqer: SEBL <----- I don't have the time to post a chart, remind me and I will try to get one up this weekend, if that is not to late....<g> So instead...my take! SEBL is in a rising trading channel from the April low and recently broke above a rising resistance line from the Mar 00 high connected to the July 00 high and extended right. However, it made this break above in a rising wedge formation and has been overbought on the daily sto for to long. The apex is close and with today's move up I would be cautious about initiating a long position at this time. If I were day or position trading SEBL long, I would be using trailing stops as always. If I were an investing believer in the company and very comfortable long I would use wider trailing stops and might consider (depending on how comfortable I was) adjusting daily stops just below the lower band of the April rising trading channel. About 83/84 today....a long ways down...<g> EDIT: An aggressive trader might start looking for a short entry point...<g> Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. Do not base any investment decision solely on any one person's views or analysis. Do your own research and take responsibility for your investment decisions.