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Wednesday, November 16, 2005

Today

Charts
- DOW @ 10700 for the 4th time. This has been resistance. Odds are it doesn't not break through. Volume is about average.
- NASD @ 2187 and is within a 25 points of it YTD high. It has stalled in this area a two times prior. Odds are its going down.

Transactions:
Sold - AMT @ 25.23 - stop triggered
Sold - ADVNA @ 27.485 - stop triggered
Sold - CPST @ 4 - stop triggered

Based on the charts, the market will probably go down on the next couple of days.

I still like ADVNA and will buy back in. The charts show mS @ 27 and 26. MS exists at 25.

I have a buy stop on AMT @ 25.43. Above my stop trigger but the stock rebounded, bouncing off of MS @ 25.

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