VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dr. David Gleitman who wrote (4046)	9/27/2000 5:41:01 PM
From: Jim Willie CB	Read Replies (3) of 65232

TA on ELON: seems a bottom scraping situation here in the low30 32 held in lateJuly, held in midAugust in fact, since lateJuly, held four different times seems to be having trouble getting above the moving avgs the ones I prefer are clustered at 38-41 it will be hard to get over this interval but now you have two months of basing behavior the daily stochastx are looking favorable here it shows a slight bullish signal now really showing big oversold levels at/below 20 level with wicked oversold 10 days ago, now not so bad relative strength is sucky here though RSI been trending down for a solid month it certainly needs some stimulus and volume is kind of low, which doesnt help it is in a unique sector unto itself so you cannot hope networks or fiberoptic perk up ELON probably best moves with the whole Naz, not a sector methinks GregMulno is buying ELON here, so he likes it I wouldnt worry about further decline here below low30 but as for a big run, 40 will offer resistance it can always get over it eventually, some time fwiw, Jim

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