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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Thean who wrote (5101)12/14/1997 9:45:00 AM
From: sand wedge  Read Replies (1) of 95453
 
Welcome back Brother Thean. Regarding Second Choice, I plugged in a number of our favorite stocks this am and found little change since last week....except one surprise. The following is for GLM

COMMENT

Moving Average Convergence/Devergence (MACD) indicates a BEARISH TREND
Chart pattern indicates a STRONG DOWNWARD TREND
Relative Strength is BEARISH
Up/Down volume pattern indicates that the stock is under DISTRIBUTION
The 50 day MOVING AVERAGE is falling which is BEARISH
The 200 day MOVING AVERAGE is rising which is BULLISH
WATCH FOR RESISTANCE AT 29.11
Stochastics indicate stock is OVERSOLD

RECOMMENDATION

STOCK IS A SHORT SALE CANDIDATE; STOCK IS OVERSOLD; WAIT FOR RALLY TO SHORT STOCK
IF YOU ARE LONG; CLOSE POSITION OR MONITOR STOCK CLOSELY
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