Universal Medical Sytems (UMSI) Message Board

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Microcap & Penny Stocks : Universal Medical Sytems (UMSI)

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To: ozzi who wrote (232)	10/1/1997 10:33:00 AM
From: Jonathan N	of 1672

Gary, I forgot to mention that as far as I am capable, I agree with your analysis of the price (50 cent support line). However, being a chart dilettante, I am not entirely sure what constitutes support (decent volume + the price refusing to dip below a certain point? but for how long? What is a "decent pace" for the price to roll between crests and troughs?). I need education. I am still stinging from my earlier belief in a 60 cent support line (which I acted on). If you (or anyone) could recommend a good book on chart analysis, I would appreciate it. Good luck Jonathan

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