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


To: chowder who wrote (9971)6/28/2006 9:55:03 AM
From: Tapcon  Respond to of 13449
 
Bum,

At first I liked the look of the DADE chart. But then, fresh from re-reading sections of Weinstein, I took a second glance, looking for volume confirmation and nearby overhead resistance. The last 3 up days don't show much volume. Dec and early Feb show overhead resistance is sitting at around 41. Given the importance of overall market trends (now looking negative)that Weinstein stresses, I'm going to be more cautious in this environment. I'll join you in this one if it breaks out above 41!