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

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To: John McCarthy who wrote (3356)	9/22/1997 3:43:00 PM
From: feewaybill	of 42787

Hi John, Your in luck. PTIS was located in my folder of CANSLIM type stocks. Those are the ones I like to trade :) . Here's some things I look at: LONG TERM LOOK Investers Business Daily has it with EPS-96,RS-94. As you probably know this stock's earnings and price are out performing 90 plus % of the entire market of stocks. Excellent! Dahl's Primary Trend- Gives a good look of the direction. I won't buy unless Dahl's above 0. PTIS is way above 0. Good. MACD 13,34,89- A mid term trend following momentum indicator. I won't buy unless it's above 0. It is. Good. Looking at a weekly price chart we have a high angled upsloping treadline which shows the LONGterm trend is up. The BULLS are in control. If your a long term invester I would say you have your money in a strong investment headed in the right direction. SHORT TERM LOOK Price has been moving sidways. Basing. It might be out of gas after its climb up the hill. Resting for awhile. Volume- Moving lower, Friday, 30% of its 180 day moving average. A sign sellers are getting out and a trend change should appear. We would like to see buying picking up with volume and price going up. StochRSI 14-shows overbought/oversold conditions. It's just broken down through 70. Overbought. This can be used as a short term sell sign. Price going down? StochRSI 8,5- Headed down. Short term sign of price going down also. MACD 8,17,9-Just broken below 0 trigger. Weak sign. Down CCI(13)- A good indicator for looking at short term tops. Its moving sideways about 50? Price is not overbought or oversold. DNS- is heading down from 8 about 6. Shows PTIS is getting weaker. I would watch this for a bounce off 5 back up to 8 hopefully later this week or next. This would be a strong move that we would like to see. InSync Index- Also headed down. Weak Looking at a daily chart. Treadline. Might have support at 9? I'm not sure. Price is acting like it wants to break down through 9. Very bad. As you can guess the short term look is weak. I would probably not buy until I saw StochRSI 14 reverse up through 30. MACD 8,17,9 break up above 0. Along with other indicator moving up to stronger positions.. Later this week or next? I would watch price for a break below the support lower treadline.(9?) Once it drops below support it could drop much lower. Well that's my read. Keep in mind I'm a beginner with a ton of T.A. to learn. Maybe Bob could help out with treadlne support and other helpful indicators. Also any criticism of my read it welcome. Bruce

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