CHARTS AND TA, A UNIQUE APPROACH Message Board

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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH

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To: flickerful who wrote (1188)	11/5/1997 9:33:00 PM
From: stan s.	Read Replies (1) of 1391

MVSI, since a tank late last and early this week, MVSI has made or appears to making a nice comeback. A support line was broken early in the week and MVSI was very oversold... today virtually all the momentum indicators pulled out of oversold generating a number of buy signals. The slower moving MACD is not yet participating but lags greatly in the case of MVSI. The blue lines in the following chart show indicators in similar stances in prior weeks. Admittedly some previous pops emanated from very narrowed Bollingers...an inherently volatile situation...still...the indicators here look pretty potent. These momentum indicators are however prone to excess and outright error. Something is going on here be it rumor or substance. I would suggest anyone interested to check out the thread and or call the company. Apparently some confusion or secrecy about the release of earnings. geocities.com The one negative in today's action was MVSI's failure to hold a good portion of it's gains

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