to hold the $38 mark next week. Again, if it
holds, it may come back and retest several times over
the coming weeks. If at any point it breaks $38, it
will go to the low $30s, which appears to have massive
support. My bet iis it will not hold $38. Long term
holders, hold and don't watch the stock hour by hour.
Short term traders, you're playing with matches at the
gas pump. Shorts, you have equal risk reward.
Watchers but don't own, wait for successful test of
thank you, you are the first understanding person I have encountered on this board. I came here to engage in decent discussion and felt like I was being attacked from the getgo.
now read this very
carefully, cuz this is twice now i'm explaining
It's not about 2 points, it's about a stock that has
no legs and that could drop another
-20 to -30 %
(usually one year's return for most stocks) from here. And
that won't be known until the stock passes its test of
finding its true support. I'd rather pay 2-3 pts higher
knowing it passed that test than buy now in an attempt to
bottomfish only to find out I own a $30 stock bot at $40.
Now I'm outta here.
It appears some YAHOOligans owe you an
You have my attention! <s>
it's 9:50 am monday and TYC is at 37 1/2, down -2
1/2. As I said, TYC must be severely tested at 38-39,
which you questioned me on. Well, here we are shithead.
Last Friday on heavy volume means we are about in the
3rd inning of this test.
Whenever a chart is wrong, then:
"We have just
entered a new pattern!"
Whenever a chart is very
"We are very impressed with the strength
with which the old pattern has been
And speaking of charts that can tell volumes, check
out BEARX. This is David Tice's brains on display,
where every $9.25 share bought at the fund's startup in
Jan97 is now worth $4.25. Tice's brains-on-display has
been making new lows almost every month! I have heard
several names for this kind of chart: freight train going
downhill (do not get in front), a falling knife (do not
grab), half a dog pile (do not even get close). Remember
that it is just as difficult to be wrong all the time
as to be right all the time. So Tice is very
valuable, not just because he is getting lots of rich old
Texan women to lose money to the rest of the world, but
he is an outstanding contrary indicator! Play the
Tice and become a TYCOon.