Re: Market Risk? TECHNICAL
in response to
by
posted on
Feb 15, 2008 10:24AM
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SilverHarp,
If you are into technical trading, do you see the formation that TDC has become since Oct 2007? I can't rememer the name of this type of tech pattern, but if you draw the support line across at 43 cents since the Oct support test, and a decline from across the tops in Nov 2007 intersecting the .43 line, it puts us into one of those "building energy" paradigms that must break the pattern by about the end of Feb 2008. (Declining wedge? -with smaller and smaller amplitude).
While it is a crim to mix Tech factors with Fundamentals, I am a criminal. The break will be up, not down. Hedging your exposure in TDC will be a waste of money. Take some risk, if you believe in the TDC vision.
SKELEG