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

To: chowder who wrote (5731)	10/7/2005 11:59:25 AM
From: fp_scientist	Read Replies (1) \| Respond to of 13449

Sir Bum, As usual, I appreciate very much your technical comments. You bring knowledge and skill to this board. On the topic of stocks that cut through their 50-day MA but closed above it and had gap downs, what do you make of those that did not gap down and did not even test the 50-day MA? For example, TS shows this pattern: stockcharts.com[w,a]daclyiay[db][pb20!b50!f][vc60][iLc!La12,26,9]&pref=G Is the 20-day MA now resistance? Is TS a buy if it breaks above the 20-day MA? By how much ... 10 cents? Would love to hear your comments on the chart. Thanks - fp

To: chowder who wrote (5731)	10/7/2005 12:09:59 PM
From: cyesp	Read Replies (1) \| Respond to of 13449

Dabum, I'm enjoying this bounce and planning to hold at least till Monday. What technical signs should I watch for to get out of UPL, CHK, COP, PTEN, DVN etc? I generally like to hold for over a week and often months, but based on your comments, these purchases may be for only 2 or 3 days. Based on your previous suggestions, I am guessing one should set stops to maintain profits and move them up if the stocks continue rising. TIA - Cy >>The rally should be good for a day or two and then another analysis is due.<<