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To: jjstingray who wrote (67107)2/21/2003 3:39:03 PM
From: skinowski  Respond to of 209892
 
Your point is well taken. Often an overshoot of an ED is a good entry because you have an idea when to call yourself wrong - and the pattern is often in your favor. I would add on the breakdown.



To: jjstingray who wrote (67107)2/21/2003 3:44:56 PM
From: At_The_Ask  Respond to of 209892
 
amgn just probing the upper resistance. It should drop two bucks just for that reason.

Beautiful ED on the ebay 60.



To: jjstingray who wrote (67107)2/21/2003 4:15:05 PM
From: bcrafty  Read Replies (2) | Respond to of 209892
 
jj, I agree completely

The stocks to short are those that are weak, and there are plenty. EBAY shows no signs of weakening at all, not even a short term moving average crossover. Good grief, look at that money flow - not a good sign for weakness or shorting.

stockcharts.com[l,a]daclyyay[pc8!b5][vc60][iLc20!La12,26,9]&pref=G

I surprised and a bit dismayed at how many say that they are long this stock or short that stock without giving any technical reasons for their position except a wave scenario alone. Of course, there's more to a chart than just that.