Chart Request: Adobe Systems (ADBE)
Posted on June 29th, 2005 in Chart Reading
Here’s a chart of ADBE for Mark:
"How can someone buy high and sell low for two decades unless the underlying nature of the markets is to trend?" ~ John W. Henry
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This post has 2 comments
June 29th, 2005
Mike,
Thanks for the chart. I’d had the position in Abobe for more than a year. Things have been looking bad lately. I noticed last night, though, that ADBE came up on one of my Ameritrade Advanced Analyser candlestick bullish reversal screens - bullish hammer. From what little I know about candlestick charting I understand that such a pattern requires a confirmation. It looks like we might be getting that today. Also, Cramer has been touting ADBE, despite its weekness, including on yesterday’s show. His touts have had a strong tendency to move the markets recently.
Mark
June 29th, 2005
You’re welcome. I hope I’m wrong and it bounces back for you.