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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (48315)	5/29/2003 12:44:12 PM
From: chowder	Read Replies (1) \| Respond to of 53068

Larry, FWC may be a good trade, I don't know. I have a couple of technical set ups I prefer to see before I make a trade. FWC isn't showing one of those set ups. This doesn't mean the trade won't be successful if you take it, I just don't have a handle on it. I don't know anything about them so, I can't use that to support any technical data. From my perspective, FWC is coming up on resistance. The odds say it'll pull back. The volume patterns are too erratic for me to decide whether buyers or sellers want control. I don't like to buy stocks in the high end of trading ranges unless they break out to a new high on above average volume. In the case of FWC, I'd have to see a print of 3.06 and the volume to support such a breakout. I don't know if that's the correct strategy or not but, based on my goals, objectives and risk tolerance levels, that's what I would need to see. Good luck, dabum