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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (19083)3/25/2006 9:59:31 AM
From: robert b furman  Read Replies (1) of 19219
 
Hi J.T.,

I agree.

Some of the stocks I watch are having false starts,quick spikes of upward price movement that also have a faster spike of volume during the day - but fall back to lower price range.

They appear to me, like short covering and/or block accumulation by someone with much more money than I.

I view that as a very positive, occuring more or less under the horizon.

That being said,there still is time (2 weeks) for a major pre-announcement/earnings warning by a bellwether that could give us a very nasty deep and quick final shakeout before a nice upward move.

I've learned to always expect those final shakeouts and truth be told, I most often have to endure them,as I lose patience and buy 1-2 days too early.

I too am keeping some new cash in reserve.Seems like the dream of fresh cash at a really great but short dip is the "Ultimate Dream Buy".

Heck everyone needs a dream.<smile>

FWIW and this is free:

This is my favorite stock - it has been slapped hard after record earnings by a webcast that gave forward guidance of a 19 % drop in orders from Q1 and Q2(which were record spikes in orders).

Note SAR buy getting very close - not that it could not be a false trigger as happened in August through November 05 several times.

Fundamentals are like a bank.

stockcharts.com[w,a]dacayiay[dd][pb50!h.02,.20!f][vc60][iut!ua12,26,9!uv25]

Now business is only up 30-35% YoverY.

Hoping for a good quarter and substantial turn around in April webcast.Hoping for a final shakeout in the next 2 weeks.

Best of trades.

Bob
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