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Re: opnion post# 235246

Friday, 04/23/2004 12:42:46 PM

Friday, April 23, 2004 12:42:46 PM

Post# of 704019
On HAUP a .28 Box size seems strange to me....? Use a .35 box size and we're right at support, which is why I prefer the .5 box size as that is standard at this price level and it helps mitigate the "noise" -
http://stockcharts.com/webcgi/Pnf.asp?S=HAUP&Y=U&B=.5&N=A&C=2

but even using your .28 box, haup is simply tracing out a shakeout pattern common in uptrends to scare the weak hands out.

I will admit though that if zeev's 7.30 doesn't hold (not entirely sure how he came up with that number) the P&F chart suggests it could retrace toward the low 5 breakout area.

Regards

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