Tuesday, July 3, 2007

Another FP80 play is nearing a buy point

but don't buy! (just yet). WDC is almost reaching the buy point as show on the chart. But the volume is way too small for a comfortable entry today. Even if you see the price on WDC extend up past the line on the chart hold off on pushing any buttons on it. While it looks good the volume is not to my liking. So we wait. That's all, not a big deal. Better volume will come and give us better confidence in the trade.

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