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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?


To: GREENLAW4-7 who wrote (1625)1/5/2005 3:05:29 PM
From: kodiak_bull  Read Replies (2) | Respond to of 13449
 
Greenie,

<<Looks like its crossing 200dma to the south.>>

stockcharts.com[h,a]dacayiay[pb20!b200!f][vc60][iUb14!Lf]&pref=G

It's on the 20, not the 200, amigo. As to whether it's a good short at this point, different time frames would argue for different conclusions: short term in a soft market, yes, especially since the stock is now resting on the 20/50. Longer term, the uptrend would appear to be intact until proven otherwise. Here is the weekly. As you can see, we haven't yet seen a clear topping formation (h&s, set of lower highs, lower lows):

stockcharts.com[h,a]wacayiay[pb20!b200!f][vc60][iUb14!Lf]&pref=G

Kb



To: GREENLAW4-7 who wrote (1625)1/5/2005 7:23:40 PM
From: chowder  Read Replies (1) | Respond to of 13449
 
Greenie,

In addition to KB's comments on HD, it has price support at $41.50. A drop below that point would make it a great short in a weak market environment if one was looking to hold 2-5 days.

stockcharts.com[h,a]daclyiay[d20041005,20050105][pb40!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G

dabum