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Re: eigthwonda post# 1849

Thursday, 06/01/2006 7:47:15 PM

Thursday, June 01, 2006 7:47:15 PM

Post# of 64475
eigthwonda...then you know I am a technician and I posted the day before yesterday that we were getting a little overbought. Right now, we need a few more days of consolidation before an uptrend takes effect. How high after that is anyone's guess.

TA is non-emotional which are the rules I play by. From the emotional trading standpoint, a lot of damage has been done here with the PRs lately. How much time does it take to repair that, I don't know. Every PR from here on out will be scrutinized to the max.

There are some very positive fundamentals (cash flow, low OS, no debt) here.

Right now with consolidation having to take place, I do not look for any new news until maybe the middle or end of next week.

Have a pleasant evening.