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Pastimes : A Novel Academy: 56ers in Annapolis

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To: freelyhovering who wrote (2297)11/30/1997 4:27:00 PM
From: Doug R  Read Replies (1) of 2403
 
Myron,

It's got the MIM (not as discrete a MIM as I like though), it's got the BO, it's got the retest and appears to have the move up from the retest on heavy volume. SMI is pretty good for the most part. It's got the optimal 89 day MA/MLR crossover. The 3 day BB's are tighter than a lid on a pickle jar. The CCI is big. It's got good MA activity supported by strong MACD. RSI activity is not negative but not on fire here. The 13, 8, 8 stochastics are actually starting to turn south but that should be temporary while the 4, 3, 2 and 21, 5, 8 get less overbought.

Downside risk is low, upside for anywhere up to 3 to 6 mos. is huge. Blender score 52. It's pretty darn close to where you want to find them. Patience while you closely monitor avg. weekly volume for the next 3 to 5 weeks is suggested.

Nice one,
Doug R
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