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Potential Trade BSL

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Decan_Frost View Drop Down
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Joined: 18 Dec 2004
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Post Options Post Options   Quote Decan_Frost Quote  Post ReplyReply Direct Link To This Post Posted: 17 Jan 2005 at 1:55pm
Would appear,resistance is being experienced,roughly where anticipated.Lets see if we get the push to around 9.00.

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Decan_Frost View Drop Down
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Post Options Post Options   Quote Decan_Frost Quote  Post ReplyReply Direct Link To This Post Posted: 17 Jan 2005 at 1:50pm
 

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Cobra View Drop Down
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Post Options Post Options   Quote Cobra Quote  Post ReplyReply Direct Link To This Post Posted: 14 Jan 2005 at 12:55pm
Sorry, 'at the moment'. Not some cryptic chart indicator 
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Owen View Drop Down
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Post Options Post Options   Quote Owen Quote  Post ReplyReply Direct Link To This Post Posted: 13 Jan 2005 at 9:55pm
Cobra, what's atm?
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Post Options Post Options   Quote Cobra Quote  Post ReplyReply Direct Link To This Post Posted: 13 Jan 2005 at 12:36pm
My 2 bits worth?. Daily shows weakness, weekly shows inconclusive ie too early to call, no firm trend?. It would have to conclusivly break $9.00 for a breakout to the upside. Depends on your time frame. With the general market pushing all time highs the risk is that the US will tank and our market will correct in sympathy. I'm more comfortable with a select portfolio of stocks (at multi-year highs) to short atm.
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Post Options Post Options   Quote Decan_Frost Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jan 2005 at 7:34pm

I,m not a financial adviser and this isn,t a buy recommendation,but seems like we are all a bit chicken to go out on a limb with a potential mover.So with all that said and a very high probability of this security doing the complete opposite.....here goes.

Looking for support at bottom horizontal blue line,around 8.51,with resistance at top blue line 9.00.

Go long if support holds, or if breached could bounce at around 8.20, bottom diagnol line.

Good luck!..

 

 

 



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