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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (11970)	1/28/2002 8:42:27 PM
From: herry iball	Read Replies (2) \| Respond to of 23153

TOL looks like a better short candidate. It has reached the same price levels as 19 days ago but on much lower volume. But even this looks like it may need time to ferment, since neither Stoch nor RSI are anywhere near overbought, and money flow shows accumulation. Mostly, I'm watching how it handles the 46 area....first time it sold off after a high of 45.90, and we had another peak at 46 five days ago. If it wimps out when it gets to this level, it would show there aren't enough buyers out there to push it to new highs, and it may sell off without ever getting to overbought. stockcharts.com[h,a]dhclyyay[pd20,2!b50!b200!b25!b10!f][vc60][iut!Lk14!Lb14!Ld20!Lc5!Lf!Lh14,3!La12,26,9] Like an idjit I bought puts on LEN a couple days back when it reached really overbought levels on just about every indicator...but it has failed to roll over for me. Good thing I bought the March rather than February options, since I had a feeling it might keep running on me. stockcharts.com[h,a]dhclyyay[pd20,2!b50!b200!b25!b10!f][vc60][iut!Lk14!Lb14!Ld20!Lc5!Lf!Lh14,3!La12,26,9] LEN hasn't had the selloff that TOL did in order to ease the pressure on the overbought condition, and I bought the puts for just a technical pullback....but none has shown up. These builders are just strong as hell right now. My fault for not checking the weekly and monthly charts on LEN to realize that it had broken out completely. Tsk Tsk. stockcharts.com[h,a]mhclyyay[pd20,2!b50!b200!b25!b10!f][vc60][iut!Lk14!Lb14!Ld20!Lc5!Lf!Lh14,3!La12,26,9] The only glimmer on the horizon is that the new highs are being made on pretty low volume (on the monthly chart), and hence that the new highs are being made with RSI neg divergence (much lower high). In other words, there are much better shorts out there. Like WFC. <ggg>