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To: cybersaavy who wrote (132164)4/26/2006 8:06:56 PM
From: skinowski  Respond to of 209892
 
BNI - Hmm... Interesting. Does look wedgy. But it is also possible that the stock is in the process of finding support at its 50 dma. Gotto watch it.

Another interesting one today is GM - it may (might) be completing wave "e" of a triangle. If it opens with a gap down, I think it may be not a bad short - against the (W "c") March 28 high of 23.25. But only if it opens with a gap down... if it runs, then fuggedaboudit.

stockcharts.com[p,a]daclyyay[pb50!b200][vc60][iub14!la12,26,9][J75421464,Y]&listNum=1



To: cybersaavy who wrote (132164)4/26/2006 10:46:59 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
BNI......In addition to Skin's comment re 50dMA, I would also point out that important LT UT line from last June remains intact,

BTW...in passing, cs....would just mention that....after my many years of dealing exclusively with log charts...I often have difficulty in relating to your linear/arithmetic charts...particularly in cases, such as this one, which have had large %age runs...-vbg


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