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mikeanthony

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mikeanthony

Re: IndianaJames post# 424

Monday, 11/27/2006 1:14:06 PM

Monday, November 27, 2006 1:14:06 PM

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Even though there is the big MA x over I feel we can short this one for a few days. It had been trading sidways for 2 days on the candles view and hit its resistance line at 31.00 3 times and never crossed my confirmation point was just below the opening of the previous day. If we break 29 we will see 26.50. I want to say that the MA x over with the 50 crossing the 200 will bounce. And contiune down. Its a riskier short than most.

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