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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?

To: estatemakr who wrote (4360)	3/6/2007 8:34:20 PM
From: jaker	Read Replies (1) \| Respond to of 6865

Individual stocks are a tough question for me unless I am following them... Generally speaking most follow the general trend. or their sectors... you know all that stuff... I do not know how many times I have heard today... "we are still in a Bull market"... but not once have I heard anyone put it in perspective... so I will... Those that invested within the last six months are worried. Those that invested from 1 year ago, see it as a wake up call. Those that invested from 1-2 years ago, see it as a buying opportunity. As an Active short term swing trader, I fall into the first group h1.ripway.com

To: estatemakr who wrote (4360)	3/7/2007 1:47:37 PM
From: The Ox	Respond to of 6865

PPG Looks like until it breaks above $70.50ish that its going to continue to be boring. Short term, any break below $62.50 would be very negative, imo, unless it was accompanied by a volume reversal. The series of higher lows over the past year and a half are positive but I don't see anything in the volume to suggest that the stock is ready to tackle the very strong resistance in the chart from 68 to 70.50. If you draw a line of resistance at $70.50 and another one which shows the support from the higher lows, you will see that it converges just off the current chart. This implies that a crossroads may be approaching which could be seen by us TA types as a make or break situation. Not much in this chart to make me aggressive either way. I just took a quick look at earnings estimates and they are flat for the next 2 years. I think this is reflected in the chart and that's why it's basically been trading sideways for the past 6 months. It looks like they need some news to break the chart's trend. jmo stockcharts.com