Edited by hiker, 01 November 2006 - 12:35 PM.
mos
Started by
hiker
, Nov 01 2006 12:33 PM
2 replies to this topic
#1
Posted 01 November 2006 - 12:33 PM
breakout in recent days above the 2.5 year trendline...the declining tops trendline drawn off the August 1996 high remains above the current price action....B of A upgrade today...volume has accelerated ever since the breakout tho' horizontal support below $17 was tested after the initial breakout
#2
Posted 01 November 2006 - 01:37 PM
That's what I call all systems being "GO," Hiker.
Best,
Doug
#3
Posted 01 November 2006 - 02:05 PM
Doug...
could it be that $19 to the January 2000 high of 19.375 represents a congestion zone?...see price action from 1998 to 2000
I sold this upgrade today because of this...back in long on sustained move above 19.40 or so.
I often pay more attention to horizontal price zones than other indicators and trendlines for timing entries/exits...works sometimes and not others
Edited by hiker, 01 November 2006 - 02:06 PM.