Protection One ALRM Message Board

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Technology Stocks : Protection One ALRM

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To: Instock who wrote (85)	3/29/1997 9:44:00 PM
From: Doug R	of 146

Nothing exciting on J. I did notice a relationship between the shortest SMI I use in the series and the price. When that SMI hits the bottom there is an 8 to 10% flicker within 2 to 5 days. Just a 1 or 2 day move. Considering bid and ask spread and commission, not what I like to go after, but it is there. The SMI is currently at or one day away from the bottom. As J has been doing this for almost a year the kick is getting smaller and smaller. That's a descending triangle which usually means distribution. Without some help it will find a lower level soon. If something positive was just starting inside, that base would move up a bit from the more knowledgable investors buying. The BB is not quite positive either. Maybe Monday that will be positive. MA channel shows the same thing. LVEL looks like a larger potential gain. Doug R

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