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eGoose Market Call for members... Click below link to view today's chart:
http://www.worldwidetraders.com/eGoose20010606.pdf KG: King Pharmaceuticals was on our short watch list today, as many bios are reaching overbought levels (particularly KG). KG closed with a Japanese "hanging man," a short-term reversal signal after an extended run. As you can see, it has had two gaps recently, with a high likelihood of at least the second one being filled. Volume was climatic over the past three days, and RSI, CCI, and OBV are overbought and rolling over. With anticipate morning strength, we will look to sell into intra-day resistance. Consider SHORTING KG with a LIMIT of 55.49. Suggested target is 50.55. Suggested stop is 55.70. To view the chart for today's selection, click: http://www.worldwidetraders.com/eGoose20010606.pdf. Make sure you review the eGoose Gap Rules on how to play suggested trades, which may be found following today's chart on the link above. For a FREE two-week trial of the eGoose Live Trading Room and Swing Advisory Letter, click: http://www.egoose.com/swing_trading.asp?assoc=yes To review prior eGoose picks for DayTradersUSA, visit: http://www.worldwidetraders.com/marketcallpublic.htm --- You are currently subscribed to dtusa as: alewis@ect.enron.com To unsubscribe send a blank email to mailto:leave-dtusa-1220700P@nova.sparklist.com
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