Monday, October 08, 2007

(CTX) bounce coming?

Not much of a bottom fisher I am, but action looks interesting, range expansion lately, and I am not really talking about ATR ( Average True Range ), but rather "most statistically probable daily ranges". I'd be watching it next few days, so far it looks like there is some downside - anxious to see end of week action. As for tomorrow - breakdown below 28.30 would lead to some more downside and move above 29.20 might lead too quick long day trade.
Of course, that ( expectation of bounce ) would directly contradict to such acclimed "Investment Advisory Service/Community" as Motley Fool , but I was "foolish" before and still managed to make some money.
Have a profitable week everybody, just remember - what goes up - must come down ( sooner, rather than later )