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Strategies & Market Trends : today's chart

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To: Bill Sandusky who wrote (431)8/15/1997 12:32:00 AM
From: sean sanders   of 1267
 
Bill,

I pulled this one out of my hat tonite what do you think of it... INFM
about the only thing I don't like about it is the ~1/2 point spread on the bid and ask and the fact that volume dropped a little from the previous day. But most of my other indicaotrs look good... I would have liked to see a positive divergence in an osscilator... there is one in the 8/17/9 daily MACD though... EOM... short trix are getting close to passing zero. the stochRSI triplets (8,5),(14),(34) are starting to move upward... We do have a slight positive divergence in the roc(7)... alot of the other indicators look positive st.dev., money flow, demand index... the directional triplets(DI+,DI-,and ADX...looks to early in the ball game to see what's up with them)... stoch is about 3/4 way up around the 65 mark...

only other question I have is... candle pattern wise we have a "white marubozo" no wicks... Morris's book says it's a very strong pattern, but I havn't had much experience with this pattern...

oh almost forgot to mention... weekly 8/17/9 MACD looks positive also the 13/34/89 daily(for those no time period switchers out there)

I got to admit having a little trouble drawing trend lines with this one...maybe Claud has a clue...

what do you think...

Sean Sanders
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