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Strategies & Market Trends : The picks

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To: Walt Gillespie who wrote (1553)	1/12/1997 2:23:00 AM
From: steve susko	of 6124

Walt: Thanks for your technical on INNO. I understand the basics on TA such as moving averages, but some of the analyses are beyond me. Can you explain what is the meaning of: STOCH(14) MACD (5/35/4) LSQ line going down -is that good? means stock price trend up? Bollinger Band heading up-is that good? means stock price trend up? Thanks in advance. ********************************************************************* Excerpt from your post: LSQ Line is going down @ 4.5% - Company is in decline. Volume is up over 1.1 million shares Friday. STOCH (14) up thru the 80 line (buy signal was on 1/2/97. All Moving Averages (4/9/18) up. Short term above Med & Long. Med above Long. MACD up (5/35/4) Stock is riding the upper Bollinger Band heading up.

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