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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (50247)9/1/1999 7:24:00 PM
From: BigBull  Read Replies (3) of 95453
 
KEG - The Technicals

The Chart:
moneycentral.msn.com

When I tested the link for this chart it showed the correct time time frame that I want folks to take a look at.

Note carefully these two indicators.

1. The stock is pulling back into the 50/200 dma cross, indicating to me that the basing period/downtrend has been completed, and that a new uptrend has begun.

2. The short term stochastics ar on a buy signal.

But wait, it gets better!

Go up to the analyses menu and click on the On Balance Volume indicator and take a look. Then click on the Money Flow indicator for confirmation. These two indicators are absolutely SCREAMING bullish divergences. It is very very rare that you see this. We saw this volume pattern back in Jan./Feb. in the big OS stocks just before they broke out to the upside. When Keg Dog says that it ain't Grandma buyin up KEG he's right - and these indicators are proof. IMO these indicators are a dead giveaway that institutions are loadin' loadin' loadin'.

I am lookin for a very short term pullback to the low fours in the next few trading days based on todays price action. I don't believe that it will last long. I therefore have several limit positions around 4.25 to catch it there. Here's hopin'! These will double my intial positions purchased between 4.375 and 4.625.

This one is a technicians dream - they just don't get any better.

JMVVHO

Keg Bull still deep in the Swamps and BUYIN' baby BUYIN'.
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