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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (19004)	2/25/2003 6:22:04 PM
From: chowder	Respond to of 23153

Brother Bum, WMB's chart looks bullish. You do have a couple of resistance levels coming up though. The last time WMB traded up to 4.16, it had a serious reversal, dropping 39% before rebounding. You're also coming up on the 200 day moving average, which should provide a profit taking opportunity for those who have profits. If you're looking for a quickie, you may have enough momentum left to get in and out with a profit. However, if you're looking for a better risk to reward play, the odds say wait to see if it pulls back to a major support level, or wait until it breaks resistance on good volume. stockcharts.com[h,a]daclyiay[pb50!b200!i!f][vc60][iut!Ub14!Lh14,3!La5,17,9!Lj[$xng]]&pref=G EP is looking strong, but I'm not sure how to play this one yet. I would prefer for it to close most of that gap it left today before taking a position. However, if EP has a good day tomorrow and closes above today's trading range, I think we would have a reversal island pattern which would be very bullish indeed. I think tomorrow gives a clue as to buy or wait for it to pull back a little. I like the volume pattern on EP. The progressively higher volume each day is called a crescendo pattern and is usually a good indication that recent prices will serve as reliable support levels. stockcharts.com[h,a]daclyiay[pb50!b200!i!f][vc60][iut!Ub14!Lh14,3!La5,17,9!Lj[$xng]]&pref=G We shall see. dabum