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

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To: Willy who wrote (4326)6/24/1999 10:31:00 AM
From: Hawkmoon  Read Replies (2) of 6180
 
Willy,

The signal isn't quite there yet. But the hourly chart looks to be getting close for a crossover of the fast/slow stochastic readings.

We are oversold on the hourly as well and the fast stochastic is oversold on the daily and ready for a cross-over.

It may sound like mumbo-jumbo to some, but I think some traders watch these signals closely.

I do.

By afternoon, I would opine we could see a rally. This whole decline has been on VERY light volume relative to the updays we've seen.

Shares have been taken off the market and not sold. Thus, any decent money moving in could take us higher.

It would also indicate double bottom support at $4.

Just my opinion. Make your own decisions.

Edit: What did I say??... we just had 4 hits in a row on the ask. 4K and 6K blocks trading on the ask.. now 55,000 shares traded. The rally commentheth.

Technicals do count, folks. And MSU management would do well to take technicals into account when determining when they release news so they can get the most bang for the buck.

Regards,

Ron
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