Nine lives for DJIM recent winners...TRT,SYX,ACOR

Tuesday, October 3, 2006 at 04:52PM
Demi/ YourPersonalTrader

There is just something about DJIM type strong stocks and the 9ema on the initial ramp up. This is partly why we say take some off after nice gains, a second chance should and will most likely come. You could see by the wicks on the TRT chart 12.50 was a head banging experience going nowhere yet. We spoke of a PBack and a quick one occurred today with the 9ema serving as support and renewed buying....'Recycle', the selling was not on strong volume......Same is true for SYX, we told you about the first opp at the 9 that took it to recent highs...today you got another reversal off the 9.   ACOR to the 9ema area and then turning big time late in the day. Jon mentioned it just past 2pm as a 'developing bounce' at $9.50...I think developing was too vague as it trades near $12 AH. Looks like a copy of ACOR's first mention on DJIM..a gap into the morning off the 11.50close. This one has the shorts scrambling..

 

Article originally appeared on Your Personal Trader (http://www.yourpersonaltrader.com/).