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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: stevenallen who wrote (13608)	5/11/2004 10:09:29 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

As this market becomes more and more two way (with a downward bias), this is how I see good shorts being entered. For instance HSIC, has broken strong support at the 69.80 area. Additionally you can see other hallmarks, a high volume downside alert. stockcharts.com[l,a]waclniay[pd20,2!b50,200][vc60][iUc20!Lf]&pref=G This old support now becomes strong resistance so that 69.50-69.80 can now be shorted on a bounce. Notice that below this level is a void, no support, so this IMO could be a high potential trade. The same premise could be applied to HOT if it bounces back up toward the 50 MA at 40.00. This is a good source (go to the "Consultant")for gauging strength of resistance or support levels. Look for high numbers, i.e triple 10s for overhead, and weak ones (singles) for supports. stockconsultant.com