Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: arnold silver who wrote (737)	9/14/2004 12:43:32 AM
From: Jibacoa	Read Replies (2) of 1404

Arnie: Regarding AUO's "minigaps", it has had a few so far in August and September. Ken said that "It should close the gap", but didn't mention which one.<g> Message 20439129 If you look at AUO's chart closely, these are its "minigaps": Aug.18 up-gap 11.41 to 11.75 Aug.30 down-gap 13.32 to 12.49 Sep.1 up-gap 12.43 to 12.89 Sep.2 up-gap 13.07 to 13.17 Sep.9 up-gap 12.52 to 12.60 In my view,more than the gaps the things to watch from a TA standpoint (the fundies we discussed before)is that after the early "buy signal" on Aug.18 the stock has held above its S & M average lines (albeit it still is below its L average line). Support is at the 12.30 level and the nearest resistance is the 13.65 level. The PSML data on AUO at present:12.81 12.83 12.74 and 13.42 I would continue to buy some at present levels and plan to add on a close above 13.65 and or the M average can cross above the S.<g> Sorry to learn that Frances didn't treat you well.<g> RAGL Bernard P.S. Bought a few CALM today. The PE is now around 4.<g>

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