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

To: Schnullie who wrote (7002)	1/9/2006 1:43:26 PM
From: chowder	Read Replies (1) \| Respond to of 13449

Re: SIMG ... I don't anticipate any reason to sell today unless it trades below the low of the day. Let me get back to you after the market closes and I will look at it then. stockcharts.com[h,a]daclyiay[d20051009,20060109][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G dabum

To: Schnullie who wrote (7002)	1/10/2006 12:36:43 AM
From: chowder	Respond to of 13449

Re: SIMG ... SIMG looks like it is getting tired and we might see a near term consolidation. In looking at today's pattern, price gapped up at the open, a good thing, but finished lower on above average volume, a potential bad thing. It's never a good thing to see price finish lower than the open on above average volume, especially after an explosive price move. Why? Because if above average volume can't move the price up, what is below average volume going to do? The trend is strengthening according to MACD and money flows are increasing, both bullish for the longer term view. It just looks like it is suspect for a consolidation. If you are in this for a short term trade, I would take some profits immediately if price gaps down at the open. If you are in this trade for the longer term, this is a good place to sell 1/3 or 1/2 of your position and lock those gains in, provided you got in at the lower price prior to this recent upmove. Daily chart: stockcharts.com[h,a]daclyiay[d20051109,20060109][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G The weekly chart is showing a transition from a bear view to a bullish view. MACD is showing a strengthening trend on the longer term time frame, confirmed by the short term, and money flows are improving on the longer term time frame as well. Any consolidation needs to see price remain above the 40 week moving average. If this can happen, I see price moving up to the $12.30 to $12.40 price range where heavier resistance awaits. Weekly chart: stockcharts.com[h,a]waclyiay[d20050109,20060109][pb40!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G dabum