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To: jjstingray who wrote (98604)6/4/2004 12:55:56 PM
From: Jack of All Trades  Read Replies (3) | Respond to of 209892
 
FWIW I am short again the nq's at 1472, 5pt stop, this is last try for today...



To: jjstingray who wrote (98604)6/4/2004 1:03:35 PM
From: skinowski  Respond to of 209892
 
Looks like a pretty good plan. Also, the decline off the March top looks like a five-waver, which increases the odds that the H&S may work out. If the stock is starting the C of a bounce, it is likely to test the 50 area, which is the upper part of Wave 4 (on the way down), as well as the level of the left shoulder.

Actually, I see that another leg up of a bounce would be 62% of the first one (from 5/20) just a little bit above 50.


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