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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Stoxx who wrote (2843)1/29/1999 9:33:00 AM
From: Ken Adams  Read Replies (2) | Respond to of 39683
 
TC,

Nice trading record for 1999! No wonder the WSJ wants to have a chat with you. Break a leg!

BTW, I agree with your analysis of ARTT. I think it's doing just about what could be expected right here, namely, gathering some steam while price settles back to a support area just above 8. I'd like it for a quick move on an "up" day, probably in the next few days.

Ken



To: Dr. Stoxx who wrote (2843)1/29/1999 10:13:00 AM
From: Dr. Stoxx  Read Replies (2) | Respond to of 39683
 
And not to hype another one I've been in and out of (I have a limit buy order in at 8.5), but PCMS is making a beautiful symmetrical triangle, just as predicted. Should put in a low today at just under 8.5, and the high is already set. This one went from $4 to $10 in 10 trading days not too long ago, and has been correcting in the $8 to $9 area. The chart would set a price target $14.5, for a 76% gain.

The variable at play, however, is the earnings report which came out last night. I just glanced at it, and it did not look that great. But so far the market seems to like it...

PCMS: timely.com

TC.