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Strategies & Market Trends : P&F Research -- Ignore unavailable to you. Want to Upgrade?


To: CENTrader who wrote (207)8/23/1998 1:25:00 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 389
 
Hi CVR,
I'll be the surrogate Jan for the moment. For future reference the P&F Charting thread is has a little more visibility for these types of requests.

THQI
RS is positive. Yippee! major accomplishment and a good thing in this market.

Chart could be stronger, but I have seen much worse. It broke a double bottom on 8/5 and then in the past couple of days broke through the BSL (bullish support line), not a good thing. However it didn't break it by a whole bunch and pulled down to support at $26. If it starts showing some strength it may be the right time to enter. All of this assuming that the market wants to be nice to you. First buy signal that I would act on would be when it hits $32 (30/31 are resistance). Next resistance would be $36.

Jan would be better at helping determine stops.
Tom