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Post# of 79025
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Little Chico

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Little Chico

Re: Mr Nasdaq post# 30238

Sunday, 05/07/2006 7:46:19 AM

Sunday, May 07, 2006 7:46:19 AM

Post# of 79025
I agree...


....it was a difficult week, due to volatility triggered by news reports. The support and resistance levels we worked with were turned upside down on Friday, when the alert to go short actually signalled a gap upward. The 3 Stooges on Quote Tracker were chiming "Hello" repeatedly (a short signal) at 42.03 as the market prepared to launch upwards. They were "stooges" indeed! We should not think that the spreadsheet values are guaranteed. The market can always surprise us and change the rules entirely.

Monitoring these support/resistance levels with Nocona's RSI-5 might be a good confirming signal to determine intra day trading signals. This week, I will experiment with that.

Chico




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