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To: kodiak_bull who wrote (42715)4/25/2005 6:01:57 PM
From: cyesp  Respond to of 206326
 
Thanks for the heads up KB.



To: kodiak_bull who wrote (42715)4/26/2005 12:03:49 PM
From: kodiak_bull  Read Replies (1) | Respond to of 206326
 
Aggressive traders may look at the homeboys today with their good news (home sales runup) as a technical shorting opportunity. There won't be any more good news (at least predictable) available for a while, stocks have rallied for 4 days in a downtrend, and the turn back down might be occurring now.

For a company like TOL, it would have to trade and close above $82 to begin to reverse the downtrend (daily chart). Next downside target would be $68.50.

Stop at $79, target of $69 from the current $77.60. A 6 : 1 reward : risk ratio.

Kb



To: kodiak_bull who wrote (42715)5/3/2005 5:29:18 PM
From: cyesp  Read Replies (4) | Respond to of 206326
 
KB - This has been a pretty good road map so far.

>>If a close above $44 doesn't happen in the next 2-3 sessions, I'd be looking for XLE to roll over and take out the previous low, that is, trade down to $39 or lower, over a somewhat longer timeframe (7-8 sessions). If it does that, then it could be expected to spend some time in the $38 to $41.50 range before testing $38 and then $37<<

I don't think we make it to $37... and probably not to $38 either. I will probably start buying a little below $39ish.

I think the long term uptrend is still intact, but I am listening to you, dabum and SOB and maintaining a cautious stance, being more patient, and hoarding my cash!

Thanks, Cy