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Re: BoomTime post# 300

Monday, 12/19/2005 6:21:28 PM

Monday, December 19, 2005 6:21:28 PM

Post# of 2663
Hey Boomtime...

Looks too me like you've got it figured out. It the daily chart you posted looks good, but if you shorten the time frame up to 3 months todays candle is a bit to far away from the 5dma and macd is rather extended also. All this is saying is that the potential for a pullback is there. But as you said a hold until the pps drops below the 5dma is the way to trade this.

The weekly chart also has the same conditions, over extended macd and pps well above 5 dma. It's a hold for now if you already have a position, if not I would wait for a lower entry on a pullback.






WT

"Everyone has genius in them, you just need to find out what it is" Robert Kiyosaki
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