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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Bald Man from Mars who wrote (929)	9/3/1998 6:40:00 PM
From: Tim Luke	Respond to of 7247

then jenna should short it, i bought it and would buy more if i had the liquid funds.

To: Bald Man from Mars who wrote (929)	9/3/1998 8:22:00 PM
From: epicure	Read Replies (1) \| Respond to of 7247

Hi Bald Guy, Mer certainly wants to bottom here. Starting on Tues with the dragonfly doji, inverted hammer weds, little hammer today- all indicators that the trend (down) is stalled. But for safety, I wouldn't buy until I had confirmation of a new trend up. Because if for some reason the greater market tanks, the bottom forming now will not hold, and you'll be able to buy cheaper. 61 would be within the range of this stalled pattern- if it goes to 60 or below it might be prudent to wait and see where it settles. I have support at 48, 39 and 32 after the 61 area.