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Old 08-06-2008, 09:39 PM
Shaun Overton Shaun Overton is offline
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Location: Panama
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traderavon,

All the usual disclaimers apply here: I am not providing trading advice and everyone is responsible for their own decisions. This is simply my opinion.

The spinning top on yesterday's daily chart and the huge volume make it look like the stock desperately wants a breather. That said, I always like to see a double bottom or stairstep bottom before re-entering. My personal approach is to sit back and wait for confirmation of support.

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Last edited by Shaun Overton; 08-06-2008 at 09:41 PM.
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