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To: adroit1 who wrote (2295)3/23/1999 12:37:00 AM
From: Hawkmoon  Respond to of 28311
 
adroit,

I was looking at the TA "tea leaves" on the hourly chart, and I noticed the difference between the last gap up from $90 to the $135 and today's.

The main difference I discern is the "tightness" of the pinch on the Bollinger Bands. That previous gap up carried us some distance but the BB pinch was kinda sloppy.

In contrast, this one was very tight and seemed more deliberate. It suggests higher prices to come tomorrow until the momentum becomes temporarily exhausted (and the mmkrs decide its time to bring it back down and cover their short positions)

I'm not willing to make a prediction on the closing price tomorrow though. But the intraday ranges could be a trader's dream (if you can get a proper fill)

Regards,

Ron