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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: AugustWest who wrote (15187)2/19/2002 9:45:46 AM
From: J.B.C.  Read Replies (1) | Respond to of 23786
 
It's a 1 for 5 stock on DWA, it's already broken two spread triple bottoms, AND broke through the
BSL this move down. Any bounces up toward 40 look like good shorts. Negative is that the
Sector is a favored sector on DWA technicals, which says on the overall market this sector is
still showing some strength. The sector is in O's @ 40, still decent field position for a short.

Jim

52 * | 52
51 * | 51
50 ---------------------------------* ------------| --------------------------50 -
49 * | X 49
48 * | X O 48
47 * X X O X 47
46 * X X O X O X O 46
45 -------------------------------------------X O X O X O X O ------------ Med45 -
44 X O X 1 O X O 44
43 O X X O X O X O 43
42 O X O X O | O O 42
41 8 X X O X | 2 41
40 -O --------------------------------X O X O X --| --------O X --------------40 -
39 O X O X O X | O X O 39
38 O X O X C X | O X O 38
37 O X X O O | O X O 37
36 O X O X | O * O 36
35 -O ----X ----------------------X O X ----------| --------* ----------------35 -
34 O X X O X X O | * 34
33 O X O X O X O X | * 33
32 O X O X O X O X | * 32
31 O O O X X O X | * Bot31
30 ---------O ------------X O X O B --------------* --------------------------30 -