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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (100865)7/7/2004 8:21:34 PM
From: ajtj99  Read Replies (1) | Respond to of 209892
 
I agree. On my annual BRCM chart, if you connect the lows in 2002 and 2003 there's a clear uptrend that is not breached until BRCM is below $21.

That's the advantages of using the annual charts. You can see the really really really really really really big picture. <G>

Again, before trading this apparent uptrend long, I'm going to wait to see this uptrend confirmed on the annual chart by the 50SMA moving above the 200SMA. I think that's really the only prudent way to approach this inherently risky market. Don't you agree?



To: Shack who wrote (100865)7/8/2004 7:22:25 AM
From: Jerry Olson  Read Replies (1) | Respond to of 209892
 
Morning

that stop for brcm is a good stop for a position trade Shack..at least for me...36 is a big breakdown area on the chart...i bought the aug 37.50 calls too...cost $4.10 for a trade...

let's see what this gap down loooks like and if we can bounce off major oversold conditions.


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