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

To: Vendit™ who wrote (4554)	2/2/2005 10:09:33 PM
From: Walkingshadow	Read Replies (2) \| Respond to of 8752

Hi Reid, PBI made a nice move today, but I think I would be hesitant about taking a long position in PBI at this time. After a few false starts, PBI successfully broke above long-term chart resistance at about $43 a few months back. But now, it has been turned back from a 5-year high and the upper BB rail: 139.142.147.218 Of course, on the daily chart, PBI has pierced the upper BB rail, only to trade down right to it: 139.142.147.218 But now, PBI has had a pretty good run from the bottom of the BBs in less than a week, and Williams has hooked downwards as you can see. There is a gap below that was filled on an intraday basis, but my guess is we'll see that gap fill in some more before PBI makes another run at the 52-week high. So personally, I would shy away, but PBI will make another run at overhead. If PBI moves back into the BBs and that downside gap as I suspect, then a potential pivot point would be the area of support just above $45, near the middle of the BBs. That's where I would look for an entry. T

To: Vendit™ who wrote (4554)	2/2/2005 10:13:20 PM
From: Walkingshadow	Read Replies (2) \| Respond to of 8752

I like these two. I went long ALNY today, might buy STEM. Long WGAT also when the stochastic crossover occurred a week or two ago, and still holding AAPL and up about 30% there. That one is a long-term hold except for trading shares. ALNY: 139.142.147.218 STEM: 139.142.147.218 WGAT: (Note the BBs... WGAT might have one more false start here, but I'll hang with it) 139.142.147.218 By the way, I think we're nearing the end of this relief rally. We may see an intraday run at the $38 level (probable), but downside momentum should pick up soon, maybe later in tomorrow's session. 139.142.147.218 T