AI
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Wednesday, March 19, 2008 10:46:42 PM
**F R G Y Annotated Chart**
I had someone PM me early this morning about this stock and I advised them to wait and see before entering because the chart was indicating a pullback. Look closely at the points I've made on the chart to help understand how TA can help traders get a good idea of the way a stock is likely to go on a given day. Overall, I believe this one is headed for an extended downtrend rather than just a one or two day pullback. This opinion is based on the negative divergences I see in the chart.
I had someone PM me early this morning about this stock and I advised them to wait and see before entering because the chart was indicating a pullback. Look closely at the points I've made on the chart to help understand how TA can help traders get a good idea of the way a stock is likely to go on a given day. Overall, I believe this one is headed for an extended downtrend rather than just a one or two day pullback. This opinion is based on the negative divergences I see in the chart.
*************TRADING AND EMOTIONS DON'T MIX!*************
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