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

To: augieboo who wrote (19977)	7/27/2003 8:42:17 AM
From: chowder	Respond to of 23153

Augie, This is a tough one to call. Normally, you would buy Monday morning, since you'd be buying the breakout. SYNO has been a volatile stock though, both in price patterns and volume patterns. If the recent pull back to the 30 ema had been on low volume, they'd be no question, you buy the break out right here, right now. However, in looking at the recent trading patterns for SYNO, you see huge selling days and huge buying days. You also see that SYNO has a propensity to come back down to the 30 ema on profit taking sessions. It has a volatile trading pattern. I think one must weigh the condition of the market in deciding the best strategy here. The market is in a seven week trading range. When in a trading range, you buy and sell off oscillators. In other words, you wait for the pull back and hope that it gets oversold, as it has done a couple of times recently. If the market can break out of its trading range this week, you then switch gears and go with buy and sell tactics for a trending market, which would be to buy the break out. Your analysis of the general market should dictate your strategy here, in my opinion. stockcharts.com[h,a]daolyiay[pb30!f][vc60][iut!Um12!La5,17,9!La12,26,9!Lah12,26,9!Lp14,3,3!Ld20!Lb14!Lg]&pref=G dabum