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nyquil
Posted : Wednesday, January 31, 2007 12:39:40 PM
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Joined: 1/23/2007
Posts: 13
 This is one of the trade that I'm already in. Feels like a decending triangle. I got in two days ago before the bounce, was hoping that it can move out the triangle in a day or two, but this bounce is kind of weak :P What do you guys think?
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nyquil
Posted : Wednesday, January 31, 2007 12:45:57 PM
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Joined: 1/23/2007
Posts: 13
 Previous RUN:

01/09/07 Low 3.40 -- High 4.19
01/24/07 Low 3.38 -- High 3.71
01/29/07 Low 3.36 -- High ????
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sharkattak
Posted : Wednesday, January 31, 2007 10:07:52 PM
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Joined: 4/17/2006
Posts: 271
 If you look at the daily, it looks like a train wreck. However, on the hourly, it looks more hopeful, like a triple bottom (1/10, 1/23 & 1/29)...BUT there's what looks like a dark cloud cover or bearish engulfing pattern at the end of today. Looks kind of shakey to me. MS, OBV, BOP, TSV not good. But I'm new at this and could be dead wrong, so maybe some seasoned traders might have some thoughts on what action might be appropriate here.
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mrmills
Posted : Wednesday, January 31, 2007 10:28:02 PM
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Joined: 7/24/2005
Posts: 30
 FICC- those blips look like short covering to me.Looks like a good short though.
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nyquil
Posted : Wednesday, January 31, 2007 11:21:05 PM
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Joined: 1/23/2007
Posts: 13
 lol, alright. I was hoping to sell at 4 for a nice gain too! I must admit this bounce is pretty weak.
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sharkattak
Posted : Wednesday, January 31, 2007 11:54:37 PM
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Joined: 4/17/2006
Posts: 271
 BTW, Excellent title: "Dead Cat Bouncing".
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scottnlena
Posted : Thursday, February 1, 2007 1:02:50 PM

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Joined: 4/18/2005
Posts: 4,090
 you may get a bounce out of this.. try looking at RSI 15 and RSI 75. Short term RSI is improving, but as I see the triangle this is a consolidation/continuation pattern for more down side. That being said almost all my calls have been off lately.

Don't forget the market emotional cycles.. this stocks may be nearing desapair soon where smart money starts buying as those who can't take the pain get out only to watch their positions recover. this has fallen so much if I as my self the question would I want to be sort in it I think I wouldn't ... not for long anyway... so.
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nyquil
Posted : Thursday, February 8, 2007 5:25:28 PM
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Joined: 1/23/2007
Posts: 13
 Fell through the support today, down more than 11 percent. Thankfully I had a already grab my money and ran a couple days ago. Thanks for the good advice guys.
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