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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: ivan solotaroff who wrote (20120)8/3/1998 11:45:00 AM
From: Magnatizer  Read Replies (3) | Respond to of 79243
 
Ivan

AINN is a bit scary right now. Final uptrend support in the 6.40-6.50 area needs to hold. Technical bounce last week was less than impressive.

Magnets and related: 4.375, 4.75, 5.625 neutral zone, 6.50, 6.935, 7.125, 7.50, 8.375, 8.75....

so, if 6.50 does not hold a shot at 5.625 is likely. I am still simering that I took the stop loss out before leaving for vacation. Greed sucks! Did not want to get taken out only to find AINN at 14 when I got back. Well, lesson learned.

May be a good idea to average in starting around 6.50 area. 1/3rd of a position would be a good start. I will likely average down once I find a bottom, this is rare for me.

ht
david