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Strategies & Market Trends : Charts for Bottom Breakout -- Ignore unavailable to you. Want to Upgrade?

To: D-1 who wrote (2535)	5/30/1999 11:01:00 AM
From: Ed Huang	Read Replies (1) \| Respond to of 3105

D-1, What you describe is a stock moving in a trading range with $5 is the support and 5.50 is the resistance. You may profit from buying at 5 (or a little above 5) and sell at 5.50 (or a little below 5.50), If you can identify $5 is a solid support, and the stock is liquid enough. But usually it's quite late when you see the trading range pattern appear. It's lucky if you can still trade the same range one or two times and gain from the trades. To gain many times is usually not likely. Good trading.