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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (62374)	12/30/2002 6:25:31 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

Thanks, Ski. The decline on NCEN into the 10/10 low is definitely a concern vis-a-vis the ABC idea. Still, it looks like, if nothing else, a 5 wave up move has just finished off, so some manner of retrace is likely. The 25 area will likely provide some support, but the advance has been on pretty weak volume and, to add some FA into the mix... this is a subprime lender. Still, the stock moves erratically at best and has frustrated me in getting entries many times. With a clear stop out at the recent high, a good entry here has a good risk reward. Perfect setup? Nahhhh. And an entry on a break of 24.75 is an excellent way to play it safe. Now, you got a great read on S? Like reaper, I don't much like it FA wise, but TA-wise I don't have a great read. I'd hate to miss its trip to the teens... but don't wish to be on the wrong end of a move to 28 again, either. the freep