Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Carolyn who wrote (36313)	5/29/2000 11:15:00 AM
From: Doppler	Read Replies (1) of 63513

Even those charts though would scare me a bit. Lately stochastics haven't seemed to mean much. Stuff that is oversold gets more oversold. That money flow still hasn't broken its downtrend line since early May. The overall downtrend line is also still intact. There also hasn't been any follow through since the engulfing candlestick in early May. There was that hammer a few days ago but no follow through. Now it's looking more like an evening Doji star trying to set up. (I'm very rusty on sticks so don't listen to a word I say in this paragraph <vbg>). Then again its hourly chart shows good RSI strength. I will say this much with confidence. It is at an inflection point. If it breaks through here it could go places. If it gets turned back it is going much lower. Personally I would wait for the stock to show more strength before I bought it, but that's just me and my singed arse talking. :-)

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