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Strategies & Market Trends : YEEHAW CANDIDATES
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To: Galirayo who wrote (22885)2/17/2007 11:43:04 AM
From: ACAN  Read Replies (1) of 23958
 
Ray; I absolutely agree with jf in that it depends on whether we are looking for trend change on some stocks that are starting to do a turnaround from the depths after the heights of past glory. or looking for a stock which in the process of setting up a trend. or just looking for a tdaytrade(looking for pops.
Using the three ma's we are charting now, the 144SMA, 50SMA and the 13EMA. I would like to see a stabilizing of 144, and 50, with the 50 recently moving up over the 144(in the last 5 weeks, let's say), and the 13dEMA reacting to the 144 first with a bounce, and now crossing over the 50.It would also help if the stock was on support and in a flag with the possibility of BO.gggg. At this point they have the look and you would bet your underware wear they are going to go.

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