today's chart Message Board

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Strategies & Market Trends : today's chart

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To: Bill Sandusky who wrote (418)	8/14/1997 9:36:00 PM
From: sean sanders	of 1267

Bill, AMTX... What makes you think a breakout is eminent... looks like we have some resistance lines to break first...or we could say it broke out at 7/31... all depends on the trend lines you use... looks like we have the ob/os pointing up yes... some of the momentum ones about to cross zero and some trend ones about to cross zero also ... TRIX, EOM, MACD, stochRSI, RSI... You mention a cup n handle formation, not exactly farmilar with that one... mind explaining it for a T.A. newbie. What I notice is that volume has followed the price ie high volume at the last upswing and a dip with incresing volume recently. I checked your chart... you could say it broke trend line there... on my MSwin chart I see it right at a recent resistance and farther away a resistance next at ~15 1/2. I'd say looks good except for those resistance lines... care to comment... Sean Sanders

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