Do You Like My Chart? Yell If You Do.
3 replies to this topic
Posted 15 December 2002 - 10:16 PM
I just reviewed the anals for the weekend, and the transports seem particularly weak right now. Add that to the Venezuelan oil strike which as of right now is keeping shipments at a standstill, the rising price of oil, and the drop in the buck, and it seems that transports are particularly vulnerable. I just went through the sector and this one struck my fancy. I just wanted to share- Enjoy.
BTW: I tried my best to decrease the size so that the board would accept it. The stock is YELL (Yellow Corp- on the Naz) and it just broke resistance on the downside. You may want to wait a day to be sure it isn't a headfake. Take a peek yourself and feedback is appreciated.
Posted 15 December 2002 - 11:27 PM
Your chart is bit dark but the pick looks ugly. Should have some nice downside left. I ran some cycle charts on it and it looks like a good play. Carefull when that sto turns up.
Posted 15 December 2002 - 11:33 PM
The stock is toast, imho, eventually. Once it breaks the lows of november. IMHO, of course, i have NO idea what i'm typing about.
NONE of what I type, should be taken as financial advice.
And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.
Posted 16 December 2002 - 12:27 AM
Put up the weekly chart on YELL- use a log chart It's in a BULLISH trend overall right now, but it's sitting in a very well-defined channel. When it does start to drop down to the bottom of the channel, it does so very quickly over a few short weeks. There have been 5 precipitous drops over the past two years- the latest one just started a few weeks ago. Oh, and last end-of-year was not pretty at all.
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