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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (4650)1/8/1998 7:21:00 AM
From: Jan Robert Wolansky  Read Replies (4) of 42787
 
Chris, nice charting site--I've bookmarked it. Take a look at TMBS's price volume trend (in Metastock)-I like this indicator more than money flow or OBV. Also take a look at the Stoch(13,8,8) and Stoch(10,5,5), both of which have bottomed out and are now rebounding.
In addition the StochRSI(34,13) is getting ready to cross 30. Another indicator that I look at closely is the 10-day linear regression slope of the daily closes which is marching straight up.

The weekly MACD hasn't crossed yet since the move is just starting. I don't know where it will stop, whether it will be 14 or some other place. I do take comfort, however, that TMBS is rated 99/94 by IBD. The next few days should tell more whether the move will be sustained or not.

Jan
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