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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (11798)	4/1/2001 3:30:14 PM
From: TechTrader42	Read Replies (1) \| Respond to of 12039

I wouldn't say it's entirely clear one way or the other. The candle looks bearish, but it could head to 50 or 51.5. Nice candle 7 trading days ago -- the hammer. -- Registered Soothsayer, EitherOr Corp.

To: Chris who wrote (11798)	4/2/2001 2:33:44 AM
From: Michael Watkins	Respond to of 12039

ottographs.com If I was trading off the daily chart I'd be holding fire on MO. It does look toppy in this upswing nonetheless. Had it made just three or four up bars on declining volume, I'd be ready to go with a sell short under each up bar on a 'stealth' (still above a recent low) bear flag. First target would be the test of the recent lows, and then... But its taken more time. After four bars I'm not inclined to sell a simple break of a trendline on a wedge, at least not without tight stops and monitoring.