Regine...I've seen this before. SOmeone buy high away from the b/a. Have no idea what it means. But I decided to post what someone on Prodigy posted on IMMD's Techinical Analysis and his thoughts in general. I ditto it!!!
Irene,
Board: MONEY TALK
Topic: THE MICROCAPITALISTS
Subject: ART HOLT
To: JAMES JOUVER (KWUA34A)
From: JAMES JOUVER (KWUA34A)
Time: 07/09 12:50 AM
>From Art:
Getting some signals which lead me to believe it is time
to underscore the price volume action in IMMD, and alert
the BB that a virtually identical pattern of strong and
steady accumulation is underway in USTX, another MC stock
which has been beatned down after a recent runup. As of
Monday's close my AIQ software package has issued a "99
buy" rating on IMMD. Both before and since my departure
from the board, I have posted a number of notes calling
attention to certain technical indicators which were
pointing towards strong accumulation, the downtrend in
prices notwithstanding, and noting the significance of
these signals as bullish divergences. With that in mind,
I thought it might be worth-while to pass along the trading
rules which have fired in IMMD, thus triggering the buy
signal.
1. ROC - "Rate of change of the exponentially
smoothed average price suggests that a cycle bottom is
forming.....ROC is rising, indicating that accumulation is
now taking place. This is a bullish reversal indication
that an uptrend may soon start."
2. OBV - "...price has reached a 21-day low accompanied by
a positive Volume Accumulation Percentage......a bullish
non-confirmation which often indicates a price reversal to
the upside. The accumulation indicates that, at these
prices, demand exists which could cause a price increase."
3. VA% - "...price has reached a 21-day low accompanied
by a positive Volume Accumulation Percentage......a bullish
non-confirmation which often indicates a price reversal to
the upside." It should be noted that AIQ uses an expert
system, and expert-systembased software signals are
ANTICIPATORY in nature. In other words, don't look for
blue skies and green lights tomorrow. Ten days to two
weeks might be more like it. Curious how that works out
with the tof the next anticipated earnings report. It will
be most interesting to see if this is another instance of
technical indicators forecasting an upcoming fundamental
development which is unknown as of this time. In
closing, I feel I must point out that a virtually identical
pattern is going on in the chart of USTX, and while a
trading signal has not yet been issued by AIQ, it seems
highly probable that one will be forthcoming in the near
future. Although I have not yet gone into the USTX chart
to the same depth as I have devoted to IMMD, a first glance
at certain key indicators reveals a strong bullish
divergence has been going on in the On Balance Volume,
Money Flow Accumulation/Distribution, and this divergence
has been underway since late May. Looks fairly conclusive
that, even though prices have been trending lower, there is
a significant buy-side bias in intraday trading.
Stay tuned, folks. I may be away from *P, but my heart
is still on the board.I will be devoting my energies in the
coming days to reviewing the entire list of MC
recommendations since January, 1995 with an eye towards
identifying similar patterns as are clearly in evidence in
both IMMD and USTX. Since it has been sometime since USTX
has drawn ANY comment on the board, it might be time to
dust offsome old, archived posts and see what this little
bugger is all about. Not a bad idea, IMHO, since the
bullish divergences in evidence suggest other investors
have already done exactly that.
Best wishes to one and all,
Art
*****BTW....This is not a solicitation to buy or sell.
Investors are advised to do their own research and make
their own decisions. Investing in microcap stocks carries
inherent risks, including the possibility of significant
losses of capital.And all that other
stuff....blah...blah...blah!*****
PRODIGY(R) interactive personal service - Date: 07/09 Time: 3:27 AM |
