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


To: sandintoes who wrote (7174)3/30/2005 6:17:14 PM
From: Vendit™  Read Replies (1) | Respond to of 8752
 
Sandi,

BRCD’s buy signals went off very high on their scales and near the tops of their normal reversal zones. In the chart below I drew those zone lines on the BRCD chart for you.

themarketwind.com

There is also a line of resistance at $6.00 and is a likely area where the stock will hesitate or reverse. The indicators only need one more session or so to make the top of this cycle and is why I say the upside will be limited.

Reid