Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: P.T.Burnem who wrote (5717)	10/22/1997 6:57:00 PM
From: Mr. Aloha	Read Replies (1) of 25960

That's what we're all hoping for. I mentioned a TC2000 indicator last night... I don't give Technical Analysis much credit but I like one of the TC2000 indicators. It's called the Balance of Power(tm) and it has turned BULLISH for the last three days. Prior to that is was BEARISH, showing strong red bars on the negative side. This represented money moving out of the stock. They take the buys and sells of the day and weigh them against each other. RED is selling with the length of the bar representing the amount. Yellow is positive but just slightly. Green shows accumulation and is determined by the length of the bar on the upside just like the RED on the downside. We have three days of small yellow bars popping up after about 30 days of strong selling pressure. I was surprised to see the yellow bar (positive) today, even though the stock moved down. It could represent larger buys going through, thereby outweighing smaller sells?? This is getting interesting. Aloha

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