1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 Message Board

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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: HairBall who wrote (1194)	9/12/1998 12:54:00 PM
From: Stephen Goldfarb	of 5541

L.G. You don't provide your own interpretation. I'll venture a few comments. The weekly dramatically indicates downward trending price action. However, the previous two weeks were narrowing "inside" weeks. That suggests consolidation or indecision. The daily chart shows a flattening of price action, in line with the previously suggested consolidation or indecision. One might be tempted to interpret this action as a bottom, and impute that the next move may be upward. I didn't look at any other charts or indicators to attempt to get additional clues. On the charts at issue, I don't believe one can impute price direction until there are additional indications, such as the occurrence of a breakout from the consolidation area. At this point, that could be up or down. Steve

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