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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: TechTrader42 who wrote (2854)10/21/1997 10:46:00 PM
From: Jan Robert Wolansky   of 3325
 
Brooke, I try to focus only on the technicals.

Here are some more indicators to look at:

1) Chaikin Money Flow (both 21 days and 40 days)
2) Relative Momentum Index (5/3)--note what happened the last time it was below 30
3) Price Volume Trend vs 40 day avg of Price Volume Trend
4) Look at the huge volume on 9/29 (price jumped 23/32)

Now that I think of it, I seem to recall a press announcement (Sept 10 after the close) that they hired an investment bank to look at "strategic alternatives". Hmmmmm.

Jan

ps., I already own this stock (I bought on Sept 10).

Jan
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