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SWS Group, Inc. Message Board

  • wixiewaxy wixiewaxy Jan 18, 2011 1:37 PM Flag

    A Test?

    Will we test the low before we can move up? I'm not a believer in most of the Tech Analysis mumbo jumbo stuff but a few of their criteria which can be clearly recognized seem to have some validity, one being W shaped tops and bottoms on high volume. My observations have been that most stocks that are overheated or trashed reach an inflection point characterized by this formation. Of course you won't see the exact number so if you place a buy or sell order based on the probability of this pattern recurrence you need to allow for a small margin of error for any assurance that you can exploit it should it occur. How about $4.20 for SWS? WW

7.28-0.05(-0.68%)Jul 11 4:03 PMEDT

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