STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE Message Board

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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: Dave H who wrote (359)	12/16/1997 12:03:00 AM
From: Trader X	Read Replies (3) of 2377

Too many charts spoil the Stock? Doubt it...IBAH weekly chart chat. Here's one of my takes on the POW... chart2.bigcharts.com:80/chart?time=9&freq=2&uf=0&lf=4&type=4&style=8&size=3&maval=10&state=0&compidx=aaaaa&symb=ibah&ma=3&comp=&trans=0&r=chart&sid=8725&sec=c&xyz=6412781&s=1140 The first thing I see is that the price is bumping up to 20 week MA. and the 10 week MA is still under the 20 WMA. Secondly, while the MACD is showing a positive divergence, bottoms are notoriously hard to pin by this indicator. Thirdly, while the fast K is seemingly about to cross the slow K, this has not happened yet and is pure conjecture that it even will at this time. Bottom line? While the FA may support a case for buying this stock, the TA jury is still out, for now. furthermore, should the price end the week below today's level, I would Run, don't walk, to sell it, as the weekly candles would be signaling a bearish Harami. -Kevin

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