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Re: MartyMan post# 30952

Monday, 01/12/2004 10:29:24 PM

Monday, January 12, 2004 10:29:24 PM

Post# of 396429
MartyMan, are you holding the stock or is it on watch?

If you're holding it you might want to lighten up your position at this point just in case. This is JMO because I always try to consider risk control before anything else.

If you're watching it, then wait for confirmation of a good volume breakout through that declining upper channel that you identified before going in.

Notice that the OBV is showing a slight positive divergence here and that the stokes are right around that 65 level that Omni likes (there's a post on that in the IBox I think).

Cap

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