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

To: augieboo who wrote (20066)	8/20/2003 5:21:25 PM
From: chowder	Read Replies (1) \| Respond to of 23153

Augie, BDY looks a little extended from it's pivot point to me. I think it would provide a better risk vs reward ratio if it would come down and test support. In looking at the weekly chart, for the longer term view, it appears that the 10 week moving average has been a very good support level. Since it is rising, the price wouldn't have to come down far to meet it. stockcharts.com[h,a]waclyiay[pc20!c30!b10!i!b50!c40!f][vc60][iut!Ub14!Uo14!Lm12!Lh21,3!Lk14!Lah12,26,9!Ll14!Lj[$spx]]&pref=G Buying around pivot points is important to me because I set an 8% stop loss as my maximum loss on intermediate term trades. My stop is less than that on short term trades. If I can buy within 5% of the pivot point, which was around 21.50, then I can withstand a pull back on profit taking and expect support levels to help me out. If the price drops 3% below support, I know it's time to sell. BDY would give back about 12-15% before hitting support. In my opinion, that's extended too far from the pivot point for an entry. dabum