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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: j g cordes who wrote (39555)5/24/2003 5:35:41 PM
From: Logain Ablar  Respond to of 69758
 
Jim:

Lets not go down the road of fairly valued or else we would still not be owning many equities in this market <vbg>

Now as for eln I believe you may correct but if you look @ the charts

Candlestick - they just moved above the 200 ema Thursday (around 5.4 and I would think this provides support).

PnF - well they are in a long column of x's from January and one can say they may be over extended but if there is a pull back its one to buy since resistance is in the $10 area.

Tim