HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce Message Board

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Microcap & Penny Stocks : HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce

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To: Wally who wrote (2528)	6/22/1999 9:04:00 AM
From: Bill Fortune III	Read Replies (1) of 2994

Hi Wally and you made some excellent points with which I agree. Also along those lines I know you do look at TA from time to time and after reading your post here on the thread I took a look at RDIM and this is what I found: The following two Indicators have buy signals on RDIN and with any type of strength on it's part there are three other that will most likely issue buy signals also: MACD tscn.com STOCHASTICS (Actually this one has four in a row) tscn.com THE GREEN (BUY) ARROWS: Breakout arrows Each technical indicator that has breakouts will have the breakout points hilighted BY GREEN (POSITIVE BREAKOUTS) or red (negative breakouts) arrows. These are the equivalent to buy and sell points, however, see disclaimer below. And the Bollinger Bands have tightened and it is possible for an upward breakout in my opinion tscn.com Bollinger Band Interpretation  Sharp moves tend to occur after the bands tighten to the average, i.e., the volatility lessens.  A move outside the bands calls for a continuation of the trend.  Tops and bottoms made outside the bands, which are followed by tops and bottoms made inside the bands, indicate a trend reversal.  A move originating at one band tends to go to the other band. Disclaimer Be aware that technical analysis is not foolproof and frequently produces bad signals (whipsaws). They should not be used as an automated buy and sell program but as a tool to enhance your probability of holding winning stocks. All technical analysis is based on mathematical calculations and, as such, no investment decision should be based solely on its conclusions. The stock I mentioned in post 2523 acted a lot like RDIM so I for one am not going to worry about RDIM. Anyway that is my 2 cents worth while I sit back and wait for RDIM to show itself as a winner. Regards, Bill Fortune III

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