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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Bruce A. Brotnov who wrote (2710)12/2/1997 1:00:00 AM
From: Dwane Houghtaling  Read Replies (4) of 6445
 
Bruce. I looked at BNGO's chart tonight and I don't see the support you mentioned. The Bollinger Bands are real wide with the current price breaking the bottom this coupled with Parabolic SAR both indicate a continued downtrend. The MACD looks like its bottoming out but hasn't really started back, yet.

I'm looking at the chart with one eye and still reading Steven Achelis's "Technical Analysis from A to Z" trying to understand this TA so maybe I'm missing something.

Dwane
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