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Re: madrose1 post# 474180

Tuesday, 05/16/2006 12:32:52 PM

Tuesday, May 16, 2006 12:32:52 PM

Post# of 704049
Baidu (BIDU:Nasdaq - commentary - research - Cramer's Take) gapped higher on great earnings last week, but the enthusiasm hasn't been sustainable. A lot of investors are locking in profits. Friday's volume was much lighter than the prior two days, but still more than twice the average volume.

Notice how buying pressure wasn't sufficient to keep it above the November high. As such, this level of resistance grows more formidable.

---Real Money .com

The white man seeks to conquer nature, to bend it to his will and to use it wastefully until it is all gone and then he simply moves on, leaving the waste behind him and looking for new places to take. Chiksika (Kispokotha Shawnee),March 19,1779

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