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Replies to post #4918 on lowtrade

Replies to #4918 on lowtrade
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lowtrade

01/25/07 8:06 PM

#4919 RE: waycokid #4918

waycokid
SCLL
http://stockcharts.com/h-sc/ui?s=scll&p=D&yr=0&mn=3&dy=0&id=p90633317065
As I posted the last time. I wouldn't play this one until the 20 resistance is broken with strength & support!

It's obvious retail is tired of waiting for execution. You just saw the last of the long & strongs giving up. Why would you want to enter? Too many good plays out there, to watch a weak high risk stock!

If your stuck, pick an exceptable loss figure and hope the gap has some pull, to bail at. But this volume says the gap has no strength. May take months.

What you should watch for is volume dive at this low! Will indicate dive is over & support could come back. Without that I see no bottom. You want a channel & execution. The only save I would expect.

Luck