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Strategies & Market Trends : Three Amigos Stock Thread

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To: lostmymoney who wrote (16079)	6/30/1999 10:58:00 PM
From: Ken W	Read Replies (1) of 29382

Mike CHNL: Short term the stock is a buy at 10 and sell at 10.50...The range is very, very tight as John said. On Balance Volume is flat as your backyard and Money Flow Index is just beginning to turn negative. 14 day STOCH's (slow) are way overbought at 100 with the fast just beginning to turn down through. MACD is flat and not signaling a buy or sell at this point. CHNL needs something to drive it either way as it appears to be a stock that can't decide which way to go. Given it's history in the last few months 12 to 12.50 is about as good as it's going to get. Ken

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