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Replies to post #206 on jrod

Replies to #206 on jrod

jrod

01/28/06 3:48 PM

#207 RE: buckets #206

CAT / Charts....

This one is in a long term uptrend. It is currently in a momentum climb. I would not take a position in this one until it consolidates to support because momentum could break at any time. I would use the 1 month chart (shown below) to watch for this momentum break. If I alreasy held a position I would look to sell at this "break of momentum" as the PPS will typically conolidate to support after a momentum run.