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To: Trumptown who wrote (283973)4/13/2004 1:09:40 PM
From: Michael Watkins  Respond to of 436258
 
It seems likely that sellers will push price down enough to a) break the triangle and b) set up a test of the April 8 low. If it keeps on going they'll try to lean on the sell key until the gap is filled at least.

trendvue.com

I still may attempt another long entry intraday today, but would prefer to see the triangle broken first to get that out of the way.

Of course, it may not happen. And INTC or other news could have its way with price.

Sold my energy holdings earlier, price action there on test of tops causing me to take profits. Seems to be a theme in a number of sectors. Luc might be positioned well if it turns into a theme for more than one day.

getting a futures order ready here to participate in any leg down.



To: Trumptown who wrote (283973)4/13/2004 1:19:59 PM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
and if the 20 day breaks? -g-



To: Trumptown who wrote (283973)4/13/2004 2:27:09 PM
From: Venkie  Read Replies (1) | Respond to of 436258
 
I think intc could move the mkt big===either way...techs will follow and if if if it's a blow out then we rally...as you know===i'm usually wrong.