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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: jazzcat2000 who wrote (54082)	4/21/2002 11:29:04 PM
From: augieboo	Read Replies (2) \| Respond to of 99280

Augie, my main point is that you said "it may be a good time to short the stock if you are so inclined" and I am simply pointing out that earnings are Wednesday after the bell. I thought TA was at least somewhat impacted by "news and events"? You're absolutely right. I was speaking a bit loosely, even for me. I should have said that this might be a time to start thinking about/planning for a short, i.e., looking at other factors -- like earnings on Wed -- and figuring out if it seems like a good idea. It appears to me that many that follow this thread basically day trade as opposed to holding positions for extended periods. I think that's true. After all, it's "Zeev's Turnips'," and he daytrades. In your second scenario, "if" the price of the stock did go up a few days in a row, might that not change TA patterns, I don't know? It could, but there is what looks to me like pretty strong overhead resistance at about $42, so it would have to take out that level pretty convincingly to go much further. augie