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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Just4fun2 who wrote (3259)8/10/1997 3:30:00 PM
From: sean sanders   of 42787
 
Dave,

2nd opinion... SYQT ...

This is not including F.A. analysis...

I see 8/17/9 weekly macd(hist) moving down, negative divergence between price and 8/17/9 daily macd, rsi, stoch, and stochRSI ...(I'm including all these overbought/oversold indicators not to be redundant or to try to fool you by using the same type of indicator as to show the same thing, but I'm studying the o/b o/s indicators that I use and see how different(if at all) they paint the picture ... although short term stochRSI is almost oversold so you might see a halt or a slight upswing in the price but the bigger one stochRSI 14 has a bit to go before being o/s and it's showing the negative divergence.

SYQT may decide to bounce off its support line and move the stock back up some 1-3 days... but the trend is still down.

Candle pattern wise... showing spinning tops which is indecision but preceeded by black candles=down days... so were looking down trend.

Basically what the above is saying is that I see SYQT moving upward or halting it's quick decent in the next 1-3 days and then continue a downward decent for maybe a 10 day period(give or take some days)... maybe even as much as 30 days.

My outlook here is about a 20-25 days or less outlook ... so if your a longer term investor my analysis may not help that much (but you know it still may help you "buy on the dips" when the oveerall trend is up... if your a long-term investor)... I can add that it looks like the long term trend may be changing, but I havn't studied my indicators that much looking into the longterm ie... 5 months or more.

hope this helped

as always this is just my opinion and it is always the investors responsibilty to decide when to trade... I wrote this so I could give you another opinion and to learn by doing myself; so if anyone has any comments or contrary opinions I would be glad to entertain them...

Sean Sanders
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