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

To: CommanderCricket who wrote (8247)	3/13/2006 5:55:20 PM
From: chowder	Respond to of 13449

>>> For pivot points, would a key pivot point for NTO be at $3.75? <<< That would depend on your time frame. If the trade is to be held for a day or two, yes. Keep in mind, when I speak about pivots, I'm referring to swing lows or highs. I'm speaking about the price point where a stock stops setting a series of higher lows, to keep the up trend intact. If price drops below the recent "higher low" you have a change in the character of the trend. The swing low or pivot would be $3.40 for NTO which happens to coincide with the trend line. So, any price below $3.40 and the TA is saying get the hell out of Dodge because there is a price void (a lack of congestion or a base) where demand doesn't show up until price trades down to the 200 day moving average. The weekly chart is showing NTO trying to establish a base of support. For those not already in, I would consider an entry when price breaks out the base. My entry would be above $4.15. stockcharts.com[h,a]waclyiay[d20050313,20060313][pb40!b20!f][vc60][iut!Lc20]&pref=G dabum