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new highs among rising trenders


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#1 hiker

hiker

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Posted 03 October 2006 - 01:27 PM

10/3 intraday now trading above the prior 52-week intraday high...scan of over 300 stocks is based on 20-minute delayed pricing: BAC GD GS JPM PCLN PTNR retailers - DKS DLTR JCP airlines - AKH REIT's - EOP on another subject, copper and gold stocks are weak today and the multi-week decline in copper and gold producer FCX is testing the historic horizontal area of $50 again....stops on FCX shorts could be reasonably kept 53-55 area...$55 has in prior declining periods represented an impt. horizontal resistance area....copper stocks could slowly continue the grind down along with the copper commodity price...see the $3.60 resistance zone for copper price....FCX is tricky because of its gold component which may move higher at some future date

Edited by hiker, 03 October 2006 - 01:28 PM.


#2 hiker

hiker

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Posted 03 October 2006 - 03:41 PM

closing basis data - AKAM EOP - reit GD PCLN PTNR BAC GS JPM retailers - DKS DLTR JCP JWN RL