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Author: Carpian Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 73071  
Subject: Re: BEAS Date: 8/28/2003 8:16 PM
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Might be a buy just above 14 ........................but then here we go into the Sept/Oct expectations of market pullback.

Hi duma,

I bought the break above 12, which marked resistance for several months as the top of an ascending triangle. It has not followed through with quite the strength that many others have in recent months, but perhaps today was the start of a new leg up? Still like the chart, and yes, a move above 14 would be a good sign and the completion of a cup and handle. That could be a buy, or a pullback to support at the 50-day EMA (currently 12.39).

The market has been flying in the face of seasonal expectations this summer, so I'm watching the Sept/Oct period (and subsequent winter) with heightened alertness that what is expected or usual may not be what happens.
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