Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: CommanderCricket who wrote (8276)	3/14/2006 10:06:51 AM
From: chowder	Respond to of 13449

>>> This doesn't look like a place to short PBR even longer term. <<< I would agree. As I said in my message, a short here would be into strength and I followed up with a message saying I prefer to short weakness. The question was if there was a play to the short side. The answer is yes but it is a high risk play, one I wouldn't take myself. The moving average for PBR, on the weekly chart is moving through a price support range. I have often said that the moving averages would appear around price support or resistance. It's not the average that provides the support but price. In this case they are basically the same, it's easier to identify the moving average hence, my saying the 20 week moving average would provide support. dabum