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I also
used your 57 # to stop out of my short (actually I used the cross of the 5 and
15 ma on the 15 min combined w/ the breakout to get out at 56.6 for only a
slight loss which was then confirmed by the break of prev peak at 57. It looks
like you use a lot of price action vs. indicators (hi of 10-16 and 10-24)...
what ever it worked well this time. At this time my guess is that we will see
63.60-65.6 btw now and the 29th but I agree that I would do a wait and
see.
<FONT face=Tahoma
size=2>-----Original Message-----From: Ira Tunik
[mailto:irat@xxxxxxxxx]Sent: Thursday, October 25, 2001 5:04
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
EbayDoes your chart give you a sell signal? It
looks to me like it says, takeyour profits here at the channel top and let
us see what happens next. Mychart looks a little differently
then yours as I use different indicators, butthe result seems to be
close. My first post gave an entry price of 57.5 andan initial
target of 59 which could run to 63. So far nothing has happened
tochange that call.David Neeran wrote:> not a good time
to short this, eh?>> >From: Ira Tunik
<irat@xxxxxxxxx>> >Reply-To:
realtraders@xxxxxxxxxxxxxxx> >To: realtraders
<realtraders@xxxxxxxxxxxxxxx>> >Subject: [RT] Ebay>
>Date: Thu, 25 Oct 2001 12:44:05 -0700> >> >Well here
is the resistance at 59, now let us see if it can go the rest> >of
the way after some consolidation. There are always two trades,
one> >up and one down. Like crossing the street, you should always
look in> >both directions. What will it take to go higher from
here and what will> >it take to go lower. Two questions your
system should answer for you.> >Ira.> >>>
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