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Non-Tech : Amati investors
AMTX 1.510-7.4%Dec 5 9:30 AM EST

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To: Dug who wrote (24712)9/11/1997 10:35:00 PM
From: Galirayo   of 31386
 
[ Chart Chat ] Hi, Dug.

May I be Frank?

Looking at a Chart and making a determination from it is difficult. There are certain Power Factors. Like .. Paper .. Rock .. Dynamite.

It's so much easier to pick 1 out of 10,000+ and say "YES, This is it" than to follow 1 stock and draw an intelligent conclusion day by day.
Especially when the situation becomes precarious.

So, My safety level stands. $16.00 was short term support, It's been violated. Weak should be out.

We sit on a Hammer tonite, a Black one. It's weaker than the others we have seen, but it's a reversal candle. It says UP, but we need confirmation tomorrow.

Paper covers Rock ..... and Candles.

The short term Moving Avg looks bad. I don't like it at all.
|>Cumulative Money Flow went UP. I love it!!
|> 21 day Money Flow looks great. About the same.
MACD is down trending. I don't like it.
|>34WMA gave us a bounce up today. New Support?
New Support? I hate when it looks for new support.
STO 16,14 is in a down trend.
|>STO 16,14 has moved enough to reset the Trigger. I love it.

Looks like it's up to the powers that be now.

I'd hate to say it was an 8 to 10 new price low and we sit on 10 with a decent possibility of a good Reversal. It wouldn't be prudent.

Regards,

Frank

Disclaimer: Frank is an idiot. He just wanted to borrow my computer.
Ray
:-))
techstocks.com

So if you think you're confused so am I.
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