trying to figure out the science and art of trading and investing

an exchange of trading and investing knowledge. the various postings in this blog are based on my personal opinion only and do not constitute as investment advice. The blog owner shall not be liable for any losses incurred by visitors who take investment action based on the postings.

Monday, September 11, 2006

Brilliant

What a beautiful chart. I think these sorts of charts are pretty self-explanatory. If Wall Street close positive tonight. We may see Brilliant testing the $0.30 psychology level and if there is sufficient momentum, perhaps $0.32/$0.325? :)

Today there is movement in most HDD stocks. Like i said last saturday, tech related stocks could be moving. Also, Magnecomp is likely to test blue line theory if Wall Street has a postive close tonight. Please note that blue line theory must be accompained by high volume (typically 100% more than the 50 day average volume to trigger a move, this is just a guide)

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