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Strategies & Market Trends : Charts for Breakout II -- Ignore unavailable to you. Want to Upgrade?

To: newtrade_dev who wrote (2059)	2/23/2004 9:17:02 AM
From: Bob B.	Read Replies (1) \| Respond to of 8531

INGP - Chart looks nice, I would have liked it at about 6.50 two days ago, which was the first breakout area. Then on the retest to about 6.55 Friday would have also been very tempting to rebuy, especially since it flirted with the ten day there. At this point, it's hard to say which way it may go. A retest of about 6.90 on heavy volume may be tempting. DANKY looks like it consolidated for a while under @4.40. I like breaks of consolidation patterns. Two days ago once again, would have been the area that I might have bought once it broke that 4.40 area. It looks like it really ran for a while once it broke it judging by the upper wick two days ago. Friday, it took out the previous candle with a shaven top. If I were holding this one, I'd probably hold for more possible upside. But, Id' also watch the volume carefully. WGRD, I see a doji on good volume three days ago, followed by decreasing volume. I'd be careful with this one. The doji still needs to be confirmed either way. PBIZ, I don't like the volume the day after the breakout. Please remember that these are only my interpretation and opinion of the charts.