Eugenius - there is a fierce battle brewing today with the
Market Makers and the sellers I think. This stock is traded
pretty thinly - < 500K VavgD90. So not the momentum we
might imagine. Could also be some vested interests - but most
impressive to me for not taking it today was how already oversold
it was all the way up to the 60 min chart. Spike up at
the outset to about 96.90 is about where we are back to - and looks
like it come bounce back up to the fibby at 97.42. All
of this is pretty evident looking at the 5, 15 and 60 min
charts. BTW, the breakout IMHO was above the number Matt used
- as I see it as about 50c higher- about where you got
in.... FWIW and IMHO -- pki.. best to you and lets see
if it reverses here in about 30 more cents....
AMG - turned into a clear BUY on the 5 min charts...
AMG @ 50% vol already - near BreakDown... EOM
Posted by pkinvestie on 12th of Jun 2008 at 11:44 am
Title: Why I hesitated on AMG this am... besides being late...
Eugenius - there is a fierce battle brewing today with the Market Makers and the sellers I think. This stock is traded pretty thinly - < 500K VavgD90. So not the momentum we might imagine. Could also be some vested interests - but most impressive to me for not taking it today was how already oversold it was all the way up to the 60 min chart. Spike up at the outset to about 96.90 is about where we are back to - and looks like it come bounce back up to the fibby at 97.42. All of this is pretty evident looking at the 5, 15 and 60 min charts. BTW, the breakout IMHO was above the number Matt used - as I see it as about 50c higher- about where you got in.... FWIW and IMHO -- pki.. best to you and lets see if it reverses here in about 30 more cents....
AMG now at Resistance-60min
Posted by pkinvestie on 12th of Jun 2008 at 12:27 pm
AMG -
There are 34ma, 62% fibby and Trendline Resistanceon the 60 min chart right now..... Low risker IMHO to go short from here...
BUT BE CAREFUL - the STOCs are possibly heating UP^^^^ Watch the market direction....pki