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 25, 2006

China Sun

Still traveling in range of the upper and lower trendline. Likely to test the 50% retracement. Volume is way below the 50-day average of 17.5 million shares. All things point to range trading (following the 2 trend lines) Indicators point to a possible downside bias.

The steady decline does not look good. Wall Street Futures looking good (+30 pts now) hope it provides some positive catalyst to move CSB. Not vested.

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