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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: sailorman who wrote (3799)11/18/1997 11:32:00 AM
From: James Strauss  Read Replies (2) of 4701
 
IFMXE...

>>>I'm a new user to SI, and have been reading everything, what are you thoughts on IFMXE, big meeting in N.Y. today. I'm in at 6 7/8.<<<
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Sailorman:

Good choice...

MACD is positive, and Moneyflow is turning slightly positive... There is resistance in the 9.00 to 10.00 area... Above that, there is room to move to the 12.00 area...

One caution... The "E" at the end of IFMXE means the company is late in filing its qtrly reports... So, there may be a surprise looming there...

Jim

Jim
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