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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (967)	1/13/2003 6:32:51 PM
From: Sergio H	Read Replies (2) \| Respond to of 23958

Ed, first of all, I want to explain that my name is Sergio, but I am using the name Godot because I think it best captures my approach to the current market. Patience is required, IMO. When the market conditions improve, I'll go back to using Sergio for my SI name. Personally, I avoided TA like the plague for many years, but I've found that it can be very helpful in making money in stocks that I am invested in. Without being too verbose, the basics are that every stock, index or mutual fund can be charted. You'll find in these charts that stocks, indexes or mutual funds get stuck within trading ranges and then break into new trading ranges over and over again. Looking over ATPG, I posted earlier that it was at the bottom of its trading range and therefore a good trading opportunity came up: Message 18375396 Now it's at the top of its trading range and my methodology for investing/trading is that this is the point where you sell trading shares and hold your core group. You take profit on short term trades and you benefit from investing. My core shares are an invested shares. That's the way I like to do it. So, why is this the top of the trading range? siliconinvestor.com Looking at the chart, link posted above, you'll note that the trading range has been in tact from mid Nov. to now, with a possible breakout in progress. Why 4.65 as the test? Draw a line accross the peak established in May to today on the chart. That's the resistance for now. This site gives the resistance at 4.70 but illustrates the point very well: investtech.com Thanks again for bringing this stock to our attention. Sergio/Godot