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

To: Daveyk who wrote (7119)	1/25/1999 7:54:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Watch List & PSIX SYMBOL CLOSE CHANGE CHANGE % IMON 9.625 2.844 41.94% MTIC 6 0.687 12.93% GBFE 1.469 0.156 11.88% PSTA 2.5 0.25 11.11% GTW 68.875 6.375 10.20% PWAV 25.875 2 8.38% FONR 1.688 0.125 8.00% OSIP 4 0.187 4.90% SGI 17.438 0.625 3.72% RAYS 9.625 0.25 2.67% BGEN 94 1.625 1.76% BVSN 41.625 0.625 1.52% CA 48.375 0.437 0.91% GMGC 6.063 -0.062 -1.01% GM 89.75 -1 -1.10% DCLK 96.75 -4.25 -4.21% PSIX has to stay above 31 to stay in its high uptrend, but the thing that bothers me is that the volume is steadily dropping off. This implies unless there is a sector wide rally, it could start forming a pennant. While I am bullish on PSIX, the conclusion of a pennant could go either way. You might to better to take profit soon and reenter after it stabilizes. The huge intraday low-high spread will eventually consolidate, and I suspect it will be towards its lower side. lastshadow

To: Daveyk who wrote (7119)	1/25/1999 8:24:00 PM
From: AlienTech	Respond to of 43080

Guys dont take me seriously. If we could see a chart pattern before the fact about bear and bull traps then we would not get trapped and they would not be called traps. Seeing it after the fact is pretty easy. The only clear indication is the long term trend. And for peopel in PSFT and MANU they learnt the hard way that even those can change fast. Oh I see LS answered it better than me.. >>A bull or bear trap can only be defined after it occurred, although I have noticed that Alien Tech called a bull trap at least three times in the last year while it was happening.<< Well next time could you tell me this please? I mean when I call it could you like say, hey thats it. Or something similar. >>Which is sort of like drowning and having someone on shore yell at you, "The water is real deep right where you are!"<< Oh well the least you could do is throw in a stick of wood or something.