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

To: chowder who wrote (6663)	12/20/2005 3:01:10 PM
From: Jane4IceCream	Read Replies (2) \| Respond to of 13449

WMB trigger? 24.10 current Jane

To: chowder who wrote (6663)	12/21/2005 5:56:10 PM
From: chowder	Read Replies (1) \| Respond to of 13449

Re: WMB (swing trade) ... The chart set up for the time frame in which the analysis was presented indicated that the pattern would still be in effect as long as price stayed above $23.25. Price may pull back here but, today was an inside day, price stayed above yesterday's low and is still supported by the gap just below. The hollow red candle today sometimes indicates a price reversal. It is formed by price gapping down at the open and closing above the opening price, but still below the previous day's close. When you see that in the type of pattern we have, it often times is a clue that demand is starting to pick up. stockcharts.com[h,a]daclyiay[d20051019,20051221][pb50!b20][vc60][iut][J65075200,Y]&pref=G It would have been better to see some follow through today, but sometimes it takes a couple of days for patterns to work out. If they don't, the stop protects us. dabum