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Bob,
Here are the updated AOL charts from an AGET view. Last time I posted on
4-10-02 I felt it could rally in a wave 4 (on the 60min) and then it should
make new lows. So far that has been fairly accurate, except for the new low
(yet?). You may want to place a stop below the low today just in case.
On the 60min note the rally stopped at the blue wave 4 channel (blue
squiggly line) which normally means there is an 80% chance of a new low.
This wave 4 retracement stopped just shy of a .382 retracement of wave 2 to
wave 3. The PTI at 58 is also saying a lower wave 5 "should" happen.
Prices are likely to go to the MOB (make or break level) as an estimate?
This also fits quite well with the daily chart that using the internal wave
count of wave 5, projected lower prices as you will recall?
Lastly the prices on the 60min appear to be putting in a bear flag.
All this technically speaking to a fundamentalist, of course :-)
Good luck with the trade irregardless,
don ewers
----- Original Message -----
From: <bobskc@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, April 22, 2002 11:24 AM
Subject: [RT] Trades today
>
> I bought back into AOL at 19.75 for the same evaluation reasons stated
> earlier and I also bought into PGTV at 2.19 on what I believe to be
> legitimate takeover possibilities. The stock is very cheap and the
> temptation must be high. The company is well run and makes for a juicy
> prospect at these levels. Also, shorted YHOO again at 14.64 Last, bought
> LU at 4.14 based on my belief that creditors will not allow it to fail and
> it has recently been battered beyond what is deserved by the general
telcom
> weakness. AOL is a position/day trade. PGTV is a
> valuation/position/takeover trade. YHOO is a day trade. LU is a stick in
> my IRA and "let it ride" trade.
>
> All due diligence ..
>
> Good trading,
>
> Bob
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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