TINY and GSTL on 12/29/06

Today I look at TINY on the long side and GSTL short.

TINY has shown steady decline in the last December. The chart now shows a clear hammer, combined the Stochastics approaching the buy signal, the MACD histogram showing a positve slope, I am watching for a change in the trend. Weather it goes sideways or up, we should see atleast a short bounce up for a couple of bars. I am waiting for TINY to cross above the 12.52 mark to hop in.

TINY on 12/29/06

GSTL on the other hand is a short candidate. We had a nice uptrend in December but now the chart formed a hammer, the bullish volume has been in decline and we even see divergence on the MACD histogram. I am waiting for GSTL to cross below the 28.27 mark to hop in.
GSTL on 12/29/06

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