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To: Shack who wrote (114382)3/6/2005 11:50:16 AM
From: jjstingray  Read Replies (1) | Respond to of 209892
 
Dissing you? I just do not think it is the best looking chart, that is all I said. Another $.40 or $.50 and I will be a believer.

stockcharts.com[w,a]whclyyay[dd][pf][vc60][iLb14!Lb5!Lh5,5!Li10,10!Lp14,3,3!La12,26,9!Ld20!Ll14]&pref=G

I think what we need to do is watch the bullishness. Things got quite bearish with all the QQQQ puts. I would really love to see everyone getting extremely exhuberant in the next month. That would start to setup some good short setups in my mind.



To: Shack who wrote (114382)3/6/2005 4:45:40 PM
From: Henry J Costanzo  Read Replies (3) | Respond to of 209892
 
JPM....

First.....What's to like:
Clear wedge break.......Yes
Heading towards 40....Yes
Buying in a relatively low area......Yes

BUT....<<What's not to like?>>
from here to 40 could involve some fairly tough going..
Will have to struggle through resistance from the Sept-Dec congestion area.
Will have to face resistance from falling MAs..including a 50d below the 200d.

Compare JPM in these respects with another of your finds....MER..........IMHO no contest!

(All offered in the respectful spirit of mutual consultation and assistance which distinguishes your thread,.. You know, of course, that I would NEVER dis!!....<G>)

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