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


To: RWS who wrote (12479)2/18/2002 3:36:02 PM
From: kodiak_bull  Respond to of 23153
 
RWS:

I'm not sure past is prologue in this case, or at least maybe the past you're looking at (triple bottom) won't be prologue here:

stockcharts.com[h,a]dhclyyay[pd20,2!b50!b200!b25!b10!f][vc60][iut!Lk14!Lb14!Ld20!Lc3!Lf!Lh14,3!La12,26,9]&pref=G

You've only had two long red candle days, 3 reds in total. Viewing previous plunges with this stock you can see that it can easily go 4-8 days in the down mode, and the presence of a solid red hammer, like Friday's, may not have much braking power when this thing wants to skid.

Besides, nothing says "oversold" yet on this stock.

Kb