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Strategies & Market Trends : Predicting news and runs for big % gains

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To: scouser who wrote (1561)8/4/2000 3:09:38 PM
From: CIMA  Read Replies (1) of 2182
 
POPM - From Raging Bull:
By: Russ $$$$
Reply To: 1384 by somesee $ Friday, 4 Aug 2000 at 11:25 AM EDT
Post # of 1396

SOMESEE,

I chart many stocks in my work and I recently started to do a review of POPM for my web-site. I use many technical indicators in looking at a stock but the 5 indicators that I use more often are: Accumulation/Distribution, Chaikin Money Flow, Price Oscillator (PPO), Boll. Bands with Candle Sticks and Williams%R.
4 of the 5 indicators are in a positive trend. POPM had a very positive upward surge in the Accumulation/Distribution indicator prior to this past week of correction. That indicator drifted down a little (but did not crash down to anywhere near its previous low point) and in the last couple of days that indicator has resumed its upward bias. Chaikin indicator is positive, PPO is positive, Boll. Bands show price just went above center band and the Candle Stick indicator shows a change of direction (it was going down) as it is moving slightly higher. The only indicator that is not really positive is the Williams$R but it is getting there. My opinion is that POPM (barring any market fiasco) is in an uptrend, however, I personally hope it doesn't spurt up too fast - slow and easy is better.
I have been in the stock market arena since 1960 and have been a chartist for almost that amount of time. My real preference is P&F (Point & Figure) charts and when POPM makes a move higher, I will be able to pull up a chart on the P&F indicators.

Have a Great Day,

Russ

PS. I have a position in POPM

russreports.com
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