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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (1402)6/26/2002 2:59:01 PM
From: ajtj99  Respond to of 10157
 
Well, the Dow printed a LOD just before this ramp, so that should tell us where this is going pretty soon. Lots of H&S formations on the intra-day charts, although some are getting negated now.



To: velociraptor_ who wrote (1402)6/26/2002 3:35:05 PM
From: mish5000  Respond to of 10157
 
Well, Im surprised V, but great call on the Comp 1440.... a rally out of nothing... hehe... Massive short squeeze, no support below...lot of volatility to come.



To: velociraptor_ who wrote (1402)6/26/2002 11:18:32 PM
From: ajtj99  Read Replies (1) | Respond to of 10157
 
Velo, we closed above the lower BB after breaching it. That's a pretty fair reversal sign. Normally we go to the middle BB, a 13-day or 20-day EMA, or make a flag out to one of those levels.

Watch the re-test, possibly by Monday, and we'll have an idea where this is going. I think this may extend to COMP 1526 or 1555 based upon the nominal 14% gain we saw out of the Feb. lows.

Watch for a noon high tomorrow, and a re-test on late Friday or Monday.


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