Tuesday, April 29, 2008 10:03:17 AM
Sorry for not responding earlier; been busy with other things.
From looking at your 1 year daily chart, a pull back to several areas could happen. The 79-80 area would be one such area. The next below that would be the falling trendline that is around the 77 area right now.
Keep an eye on the $BPENER PnF chart for a clue for a longer term pull back. In my last post, it was looking over bought, and it still is over bought, but it has not reversed at all. This means the uptrend is still in tack. I would think any pull back that does not reverse this chart to a column of O's could be bought.
I post a breadth chart tonight.
Hope all is well!
Jared
jjames10@nc.rr.com
"Don't Panic!"
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