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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (3174)	12/28/2004 11:49:17 PM
From: Green Receipt	Read Replies (1) \| Respond to of 8752

off topic remark Great to see you here again. Your thread is in the top 20 on the top page. when i looked it was at position #7... My question is pretty basic... homebuilders: OHB the underdog... what do you think is going to happen with this one in 2005?

To: Vendit™ who wrote (3174)	12/29/2004 3:59:54 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, Yes, I cannot deny that reversal candle, and it does come after 4 consecutive white candles. But click open the other technicals.... there is not yet any kind of hint of reversal in Williams, PROC, OBV, or RSI. Also, there is evidence in the volume patterns of supportive volume, particularly in the last hour or two of trading today--- during the afternoon, the initial post-lunch move was down, but that was met with the sharpest volume on the day, and that turned ISLE back up. Maybe you are right, and ISLE will reverse in the short term. Certainly, volume has been unimpressive. But I still think those BBs have got to be expanded, and the longer they remain contracted, the stronger the "pressure." That said, I don't see how ISLE can push open the BBs until more volume develops. However it turns out, it will be interesting and instructive I think. Definitely worth following (I never did take a long position). T