Ask DrBob Message Board - Msg: 16082807

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Strategies & Market Trends : Ask DrBob

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To: JoanP who wrote (40193)	7/16/2001 3:13:04 PM
From: kleht	Read Replies (1) of 100058

JoanP: What time frame are you thinking of? Intermediate to long-term, shorter term or the very short term? I know you are currently in DrBob's class and I just finished. Hope you don't mind if I practice my TA a bit. BEAS - Using daily charts I find money flow very unfavorable with distribution actually increasing over the past several weeks. The trend, of course, is negative with the price following the Bollinger lower band and even exceeding it on the downside. DMI and on-balance volume are negative. Strength indicator RSI is very negative. Stochastics are not encouraging. Stock is slightly oversold, but this could stay that way, especially if other indicators don't improve. Aroon is very negative. Others on this board, while liking the stock, are holding off. Probably a good thing for now. I could not find any signs of encouragement TA-wise. There seems to be support at around the 21-22 area but I don't see much if it breaks through this area. LVLT - The TA readings here are about the same as for BEAS with one exception - stochastics has crossed over to the upside. That's how I see it. I think you have time here on BEAS. I would try TA here if you haven't already and keep tabs on it. Things look bad now, but that could change. Your TA tools should give you your first clues. Good trading! Ken

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