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: milesofstyles who wrote (1470)	1/9/1998 11:34:00 AM
From: Trader X	Read Replies (1) of 2377

re: AURA. I don't think there's a case for the cup and handle pattern. quote.yahoo.com But there's a definate triple bottom formed from April to Sept., between $1.5 and $2. The breakout over $2 was on heavy volume, and support held on a pullback to ~$2. Support is firmly at $3 now, and I think this may be a case where the charts are showing something the fundamentals aren't. As Sergio stated, the fundamentals don't look so hot, yet something is providing a strong upward push on the stock price. My own personal outlook on technicals vs. fundamentals is this: fundamentals look at the past, technicals look at the future. Prices don't move in the future based on what happened 3-6 months ago. The past is already discounted. -Kevin

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