AI
Sunday, December 26, 2004 7:48:41 PM
Re: HOM
I like a break of 1.60 on volume along w/ breaks in horizontal and trendlines in studies. Looks like some traffic between 1.60 and 1.70.
Short term downside to 1.45 or even 1.38 but not sure on those extreme prints at 1.38 areas.
Would always like better divergence coming off bottoms
Looks like it needs at least 100K in volume to do something positive.
I think it needs a close above 1.60 to get going again, seems like a slow mo play for now without volume.
I like a break of 1.60 on volume along w/ breaks in horizontal and trendlines in studies. Looks like some traffic between 1.60 and 1.70.
Short term downside to 1.45 or even 1.38 but not sure on those extreme prints at 1.38 areas.
Would always like better divergence coming off bottoms
Looks like it needs at least 100K in volume to do something positive.
I think it needs a close above 1.60 to get going again, seems like a slow mo play for now without volume.
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