News Focus
News Focus
Followers 150
Posts 85639
Boards Moderated 3
Alias Born 03/18/2001

Re: otraque post# 116687

Monday, 06/09/2003 4:06:50 AM

Monday, June 09, 2003 4:06:50 AM

Post# of 704041
Hi Godfrey: Thanks for the symbol. I pulled up several charts.The monthly shows that the severe mark-down phase, 250+ in 200 to rougly 100 in mid- 2000 has been broken.The weekly shows a new mark-up phase...a series of higher highs and higher lows. The daily shows the index moving above the rising 10, 20 and 40 day moving averages. Friday's action suggests a temporary reversal day,[the 60 minute chart lends credence to the daily action on Friday] with the probability that the index will pull back a bit. This is normal action. For those who like the sector, the pullback may offer a nice entry. I'd suggest bit of patience.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today