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To: Wyätt Gwyön who wrote (117621)4/29/2002 4:40:03 PM
From: David E. Taylor  Respond to of 152472
 
Mucho:

Means the traders who've been helping hold the lower "wedge" line by providing the necessary buying support will step to the sidelines and quit buying until they see support.

Which, IMO, is around that $24 level.

Which, in turn, means I'm going to think hard about holding my own "largish" basic position. Have to make that decision soon....

David T.

P.S. And no smarty pants comments needed from Dipy et al <g>



To: Wyätt Gwyön who wrote (117621)4/29/2002 8:37:44 PM
From: Jim Willie CB  Respond to of 152472
 
TA: just see a bearish swing.. 33 to 43 to 23
nothing really complicated
this dont look like a triangle here
just a swing up then down
momentum drives it

no real technical support below 30 here
at least nothing past 1999
/ jim


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