And here is a purely technical look at these same issues.
direction of price movement based on historical behavior.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
-
Clyde
Lee
phone: 713.783.9540
SYTECH Corporation
7910 Westglen, Suite
105
Houston, TX 77063 fax:
713.783.1092
WebSite:
www.theswingmachine.com- - - - - -
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----- Original Message -----
Sent: Sunday, August 06, 2006 02:03
AM
Subject: Re: [RT] Re: current
orders
Hi Ben:
I have one mans opinion again. SYMC.
From your numbers it appears you are very short term on your trades.
Short term target for this move up is 17.37. There is resistance at
17.35. there is more upside resistance in the 17.40 area. I
believe that 17.59 is pushing it. It is in a long term down move
and needs a lot of work to break that move. Good luck on the up scalp
here.
On CA. If you get the retracement you are
calling for here you will be buying a falling safe. To go higher
it has to hit 25 1/4 and then retrace. Right now I have 21.40 as a
downside target and 22 1/4 as the current upside limit. If 22 1/4
is hit it will void the downside target of 17. There is support at
19.50 and 18 if the move down starts again. Your 45 cents will take it
to a short term target which should act as support.
PSSI This one doesn't look good. Are you
buying breakouts? This one has to hit 20 1/4 plus in order to start a
new up move. I have support at 19 1/4 and a downside target of
18.50. There is a short term up target at 20. It could get there in the
first hour on Monday, but right now that doesn't look promising.
Price is fighting long term downside pressure.
RFMD Longer term the upside price objective
would be 6.50. Short term it looks like a retracement could take it to
5.70 with some support at 5.85. I don't think 6.26 is in the cards right
now. We are talking scalping time frames. This ex $90 number has
to hit $6.75 before you can consider it a major threat to move higher and
right now $6.50 could be a major problem. .
I still deal in the old numbers most of the
time. A tick is still an 1/8 to me. Got my neck out again.
Had a long vacation so we shall see if the rest did me any good.
Once again just one mans opinion. Good luck
Ben. Ira.
----- Original Message -----
Sent: Saturday, August 05, 2006 9:10
PM
Subject: [RT] Re: current orders
new orders watch sunday
night
old some executed
symc
no fills still long 250 from
17.23
placing sell 250 at 17.59
stop loss 16.85
ca
buy 300 at 15 cents under
open
300 at 25 cents under open
and 300 at 35 cents under
open
last 300 at 45 cents under
open
stop loss 20
we got filled on the first order
we own 300 at 21.53
tomorrow try to buy 300 at 21.30
and 300 at 21
last 300 at 20.7
stop loss 20.07
pssi
no fills on the buy order
for additional 250
still long 250 at 19.43
stop loss 18
selling 250 at 19.99
got filled out with small $125
rfmd
got fill on the buy additional
500 at 6
still long 250 from from
6.12
stop loss 5.75
selling 750 at 6.26
Ben
.
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