Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: bull_derrick who wrote (22623)	12/16/2004 12:59:26 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

Derrick, You may be right. When I look at TOL's chart, though, I don't see much technical evidence that yesterday and today's pattern (a harami, volume rising) will change the medium term trend, but it may be a tradeable dip. The problem arises if this two day (or 3 day) pattern is simply a repeat of the one 5 days ago, just a pause before pulling higher. That said, there are a number of other technical studies that indicate an overbought status and a likely return toward the mean, if not this bump then perhaps the next one. Good luck. The market will lose volume quickly here now, I think. Kb