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Microcap & Penny Stocks : Microvision (MVIS)
MVIS 0.981+3.8%Nov 24 3:59 PM EST

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To: kili who wrote (4381)3/7/2000 6:52:00 PM
From: Jim Willie CB  Read Replies (2) of 7720
 
TA on MicroVision: from a rank amateur

money flow has been real strong since midFebruary
relative strength dropped off on latest rise to 68 high
got a typical double top happening
saw a nice bounce off the 18day Moving Avg at 53 today
buy orders must have been sitting there from the WhoreHouses

got a classic Elliott Wave 3-step climb to this 68 top
now must endure a classic 2-step decline from this top
first downleg might have been seen at 55 last week
but I honestly doubt it
today's downleg was more likely the first downleg

next comes a failure at 60 level IMO
all those people who bought at 60 last week might see an exit and seize it

the daily stochastic is showing a downwave
doubt today's action brought about a crossover just yet
it might be close, but the reversal signal is days away at least

the majority of EW corrections bring the stock back to the level sold off from the big big second upleg (here 45)

the 30day MovAvg is now 45 also
I expect to see this little dynamo available in 43-47 range
we will see
time is now to put in the buy orders
I might do just that with some dry powder

UWest, if this comes to pass, consider adding to positions
thanks for allowing me to follow your scent (it was stinky feet)

now, I will powder my face
/ Jim
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