MSU CORP-----MUCP Message Board

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Microcap & Penny Stocks : MSU CORP-----MUCP

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To: Bert Zed who wrote (4175)	6/15/1999 10:38:00 AM
From: Hawkmoon	Read Replies (3) of 6180

Bert, I was looking at the daily chart of MUCP on bigcharts.com If you go to interactive charting and plug in daily, bollinger bands, and slow stochastics, you see that the stock hit the lower band range on the BB and held. Stochastics reflect oversold and preparing to turn upward. Those who say TA doesn't work for BB stocks is full of it. The other day, I thought I detected the possibility of a gap-down due to a BB pinch (Didn't tell the wife because if I had she would have made me sell and it would have been a b**ch trying to convince her to buy back in). That bollinger band "pinch" is evident by changing the timeframe to an hourly 10 day chart. One lesson I'm learning very slowly is that when the Bollinger Bands pinch on the hourly or daily charts, a major move is ready to occur in either direction. Regards, Ron

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