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


To: chowder who wrote (10755)12/20/2006 7:21:55 PM
From: fp_scientist  Read Replies (2) | Respond to of 13449
 
Hi Dabum - from my limited TA perspective, it seems to me TS has a similar setup to GT:

stockcharts.com

I bought today at the close. Stop loss 49.05, 10 cents below yesterday's low.

If you check a longer term chart, you will see a very long cup formation (~7 months). I was hoping for a retest of the breakup point (~47) but I now think is not going to happen. I think this one is good (mid-term = few months) for low 60s.

stockcharts.com

fp