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Strategies & Market Trends : YEEHAW CANDIDATES
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To: Ed Ajootian who wrote (774)1/1/2003 12:40:22 PM
From: Sergio H  Read Replies (1) of 23958
 
Ed, WAR AND PEACE is a good theme for the oil sector. Daily gyrations are based on whether or not an attack on Iraq is imminent, ignoring the underlying factors, particularly supply and demand.

Ignoring the daily moves and keying in on the overall trend, points to higher demand and therefore higher energy prices. On ATPG, the trend channel that I mentioned in an earlier post hasn't been disturbed. It still looks very bullish.

SOSA's chart is starting to look interesting. If you have any interest in TA, take a look at this chart. You might note that the downtrend established in May when the stock was just over 9 hasn't yet been broken, but that a bottom base is starting to form - higher lows 1.14 and subsequently 1.19. The upper band of the downtredding channel is now about 2.25.

There's many technical analyses systems. I like to use trends because it pays to go with the flow rather than guess when a trend will change. A break of the channel in either direction signals a major breakout or breakdown.

A change in short term trend can set the tone for a change in the long term trend. Combining technical information with fundamental information can be used to maximum benefit if a short term trend change can be substantiated by fundamental reasons.

I've been following TESOF for a while and was wondering if you have any opinion. I think that a bullish case can be made for this stock for the coming year.

Sergio
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