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Strategies & Market Trends : Three Amigos Stock Thread

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To: JoeinIowa who wrote (27579)12/14/2001 11:35:06 PM
From: Ken W  Read Replies (3) of 29382
 
Joe

I skipped the book and went to the movie with my 4 year old grandson. He was enthralled, but I was un impressed...Maybe it's the age difference. LOL

SATH daily does support the weekly Joe. The daily is going into a consolidation mode to complete what some folks call the handle of the cup. I don't use these terms as a rule, but as you can see the price is holding over the 10dMA while the 50 just crossed over the 200day. RSI has turned back up into a strengthing mode as money flow has improved. The only two (stoch's and MACD) are moving to the downside. The MACD should just about make it to the 0 line as the STOCH's will become oversold enough to signal the next move up and establish 3.00 as support with the upside target of 3.40ish. (in one to three weeks) there is not much resistance there so 4.12 is the next step up from there.

Did ya get out of the rest of your BLTI today...something stinks there.

Ken
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