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Non-Tech : MAT - Mattel - toysRthem
MAT 20.34-0.9%12:16 PM EST
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To: Arthur Tang who wrote (631)9/26/2000 6:57:23 AM
From: Arthur Tang   of 706
 
Using SI 6 month chart with volume and net balance color indicator; it shows oversold condition. The last spike up confirms it. Trend lines however, shows breakdown. This(trend) is an investor sentiment indicator, from the market making activity in the past months. So, it is accumulation time as it breakdowns further, except the company is not having a plan for stockholders' value.

So it is a toss up. Luck would have it, the specialist with the help of large brokerages may level it out(takes a long time) then breakout. Or use a single bad news to take out all the weak hands then breakout. The latter looks more favorable at this time. Patience is the only thing left, unless you nibble on oversold.
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