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Strategies & Market Trends : TA setups-ex th traders -- Ignore unavailable to you. Want to Upgrade?

To: cthruu who wrote (2848)8/4/2004 2:36:57 AM
From: zhaque  Respond to of 7682
 
Wow, GP, you are awake late today :) I have no positions in the market as of today. Closed out the pcln puts at todays market close. Better to chill and see how this plays out over the next couple of weeks.



To: cthruu who wrote (2848)8/4/2004 2:28:59 PM
From: NOW  Read Replies (1) | Respond to of 7682
 
Well the entire 5 year move has been on declining volume and their is little to support it if it goes down. It appears to be beneath LT UT line here, but supported right now by a 50 week MA; shorter tem is has broken down out of a triangle and backtested that break down. I think it could well be a safe LT short and hold with stops at the lower line


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