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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?


To: freeus who wrote (7070)6/6/2001 2:21:49 AM
From: Teresa Lo  Read Replies (1) | Respond to of 8925
 
<font color=blue>General Dynamics, a Study Case:

Holy Cow! That was some spike blowoff on the daily chart, with ADX at nearly 50. A pullback to the 20-day EMA finds some buyers and now, this bounce is going to tell us everything we need to know shortly:
ottographs.com

Note this stock does not trade much in terms of volume. Can barely do a million shares a day. Would never try to "day trade" this one, and certainly, would hold only a small amount on a "swing trade".

Weekly chart was a test of swing high:
ottographs.com

On the monthly chart, you need to watch out, in case this is a fake breakout of a rising wedge:
ottographs.com

Teresa