Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: thankyou2 who wrote (5728)	12/9/1999 12:46:00 PM
From: Dr. Stoxx	Read Replies (2) of 39683

ty2, My read of NTRO is based on this chart: timely.com On Nov. 1 the downtrend ended and for the last 6 weeks it has been in an uptrend, which I would guess MACD would confirm. It gave a nice BTTT buy signal in late Nov. when price bottomed at support, but Stochastics put in a lower low (bullish). Right now, however, I would guess it would run into some overhead resistance at about the 33 level (just eyeballing the upper trend channel over the highs of Nov. 8 and Dec. 1. A close above that would be very positive. A buy now is a bit riskier, but could return an easy 10%. JMHO, TC.

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