Vasomedical Inc. Message Board

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Biotech / Medical : Vasomedical Inc.

VASO 0.160

0.0%

Nov 28 9:30 AM EST

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To: RumbleFish who wrote (1301)	7/13/2000 3:45:49 PM
From: Yogizuna	of 1605

Yes, tell Joe Kernen and Ted David specifically over at CNBC in Fort Lee for me, will ya? When a stock meets a resistance trend-line, it is often a "turning point", so yes you are correct in that it could go either way. However, if the stock is overbought, the odds favor a decline at that resistance, and if the stock is oversold, the odds would favor a breakout above the resistance trend-line..... For the record, I did issue a good buy signal on the stock over on the Michael Burke thread sometime back, and then issued a hold signal on the stock when it became short term overbought. Yogi

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