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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH
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To: raymond marcotte who wrote (1290)11/21/1997 9:23:00 AM
From: stan s.  Read Replies (2) of 1391
 
IVX, flickerful, a chart. Ray, my somewhat austere post on IVX last night was
meant more in commiseration to those that may have purchased at a hgher price,
not a reference to IVAX's future moves or even a current chart.

geocities.com

The chart shows the movement in Sept. that you mentioned. Note the break
from the severely narrowed Bollingers (basing pattern) and the slew of
accompanying indicators. A somewhat more benign result in October.

It is oversold right now and will most likely get a pop if and when the indicators
pull out of oversold. Note the Bollingers are beginning to narrow ...IVX
has begun a basing pattern that started around Nov. 10...when it pulled sideways
from a down trendline (I did not draw it in). The healthiest pattern for IVX
(news notwithstanding) would be a longer basing pattern here ( near the low) with the
narrowed Bollingers....and then the subsequent pop and reversal that so frequently
occurs.

For those confident of IVX, Paxene et al this is not a bad point to consider an
entry...though personally I would wait for a little indicator confirmation.

As to your other queries....the bounce was in jest...hard to explain. I have not
used Omni trader...and the Unique Approach header was in reference to the
thread having a more limited group of stocks to draw on as well as there being
a webpage of sorts to study the charts. The nature of the webpage has changed
somewhat for a variey of reasons, though that remains the site to which I upload
these particular charts. The nature of the thread has altered to a degree as well.

Good luck,

Stan
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