Thursday, December 07, 2006

KNOT Analysis 12.07.2006

Exuberant buying into the top. Profit taking current month at the $29.75ish high.

Indecision shown doji/hanging man type of candle pattern. Further buying this week was met with selling.

Sellers came out at the open and sold this stock all day. Big Bearish engulfing candle. Possible 5 waves up into $29.59ish high. Look for follow through tomorrow.

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