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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (17262)11/4/1999 9:49:00 PM
From: Ken W  Read Replies (2) of 29382
 
Sergio,

"FILE's chart looks strong to me"http://www.siliconinvestor.com/research/chart.gsp?i3=6&i2=3&i1=2&i0=1&smaema=1&bbpct=2&period=120&lr=25&compare=&obv=5&chart1=ma&ma2=20&ma1=5&dmi=10&rsi=14&macd2=26&macd1=12&rbv=0&cci=60&sk=12&bbprd=200&wpr=10&chart=bar&s=FILE&sd=5<emp=&mt=22&scale=linear&macds=9&time=30m

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On the first glace it does look strong, thus the crux of the trade...LOL

Looking a bit further than Mr. B's bands here is what I'm looking at Notice the MACD sell signal crossover at 17? Agreed that the safe bet is cover in the high 14's to low 15's now as the moving average on the daily chart has moved to that point, however, both shorter term charts have broken below the shorter average. Sooooo, whew, if the price breaks below the 15 average then the stock will go back to 13....Given the downturn in the daily stoch's from overbought then I would suspect that the insiders will be reporting around the 10 of Dec. that they have been selling shares.

Ken
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