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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (5477)7/21/2004 2:28:42 PM
From: lostmymoney  Read Replies (1) | Respond to of 23958
 
"On AAC, the overhead gap is now resistance and a good place to sell trading shares. Once the resistance is taken out, then its another good opportunity to buy trading shares."

Serg, Ken,
I don't understand. is a good place to sell trading shares? is it the .65 resistance? And after it breaks that, another time to buy??
Mikey



To: Sergio H who wrote (5477)7/21/2004 5:54:10 PM
From: Ken W  Read Replies (2) | Respond to of 23958
 
Sergio

"Options expiration tomorrow, right? Will Ditch hold? Stay tuned."

With today's downdraft he had better hold...LOL Expirie almost always creates volatility, but with today's fall, tomorrow will be an up day. Fri. should bring even more trading short covering going into the weekend. This week's action seems to indicate that the shorts are beginning to lose control and are getting nervous as the overall market is becoming rediculosly oversold. Personally, I've covered any short sales.

As with a top, the volume today looks to comfirm that a short term trend reversal is due and a bottom forming.

EDIT: The chart

stockcharts.com[m,a]daolyyay[pb50!b200][vc60][iUp14,3,3!La12,26,9]&pref=G

Ken