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Strategies & Market Trends : Charts for Quick CASH $$$ -- Ignore unavailable to you. Want to Upgrade?

To: C.Silver who wrote (5604)	1/11/1998 5:38:00 PM
From: Galirayo	Read Replies (2) \| Respond to of 9262

[ IMGX ] Hi, Charlie. Now that's a tough Question in this market. I guess that depends on if we are headed for the Big Kahuna and/or how Big the Kahuna is. :)) I think if I were playing IMGX Short Term I may set Stops at the Low Fri. or just below. Thur and Fri the Lows are the same. Tweezer Bottom. It's found some support. It did another Tweezer Bottom 1/05 & 1/06 and then it continued Up. I wouldn't want it to break the support it has on the Tweezer Bottom. Dark Cloud Cover on 1/08 reversed to a Short term down. Fri was a Dragonfly Doji. Indecision and Possible Reversal. Look for confirmation tomorrow. Close < Open = Black Candle. Continuation of down. Close > Open = White Candle. Reversal to Up. If they 'Gap' it UP watch Closely. Better if they Gap it down ... better chance for another White Candle. Another Doji is OK too. Resistance is on the 50DMA where the High of 1/07 = Hi of 1/8 and it formed a Tweezer Top. If it get's thru the 50 now at 1.173 it should onward and upward. That is the 2nd recent Tweezer Top. Last one was 12/31 thru 1/06 .. Hi's were =. Notice how the Lows on those dates increased though. Your Call. Happy Bids. Ray