Up over a $ 1.00, nice tech. analysis

I see your point. I've never been much of a tech chart person... I look more at vol. both
ways.

Hi,

If I would go on what "generic" predicters indicate for what a stock will do, I probably
would be very broke.

If you draw a horizontal line across the $34, $26 "pops" that EFUT had during the last few
months, you will see that it was broken (on good volume) when it closed above $18. In my
book, the downtrend is now over. If it gets below $18, then it's not good. But the risk
reward here is $2 down (to $18) or up $6 (to $26).

3-1 is pretty good risk-reward in my book. The key here is can EFUT break above the next
resistance, which is $22.

Check this chart also:

http://stockcharts.com/h-sc/ui?s=efut&p=D&yr=0&mn=10&dy=0&id=p77607154925&a=83620912&listN
um=1

Last edited on: 12-09-2007 11:08 pm

Nasdaq.com if you put in the ticker and click on the "SC" indicates a 90% chance of an
"extreme pullback" based on tech analysis at the bottom of the page..... any time it's
broken out of the 50 day it's come down...

It'll be interesting to see what she does by next week....

Last edited on: 12-09-2007 08:51 pm

With Chinese stocks starting their next move upwards, do make sure to take a peek at EFUT,
which is traded on the NASDAQ.

EFUT (E-Future Information Technology) has a float of 1.8 million shares, with nearly 25%
of them sold short! The company is making money, has a low P/E and is on the cusp of
running into the $25-$32 levels.

Check out the chart setups on EFUT:

http://stockcharts.com/charts/gallery.html?efut

The Point & Figure setup is giving us a $35 potential target on EFUT. It is now trading
above the 5, 10, 20, 30, 50 and 200 day moving averages, and the RSI and MACD are
confirming this.

EFUT has broken the downtrend with the recent breakout above $18, and is forming a
bull-flag. A break of $21.50 level will have it zoom up to $25-26, which is the next area
of resistance.

The EFUT shorts are in trouble.