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

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To: Ming Z Chen who wrote (4883)1/20/1998 2:44:00 AM
From: Chris  Read Replies (1) of 42787
 
ming (QMDC)

my indidcators are on sell mode right now.. it was sell mode since 1/7/98...

currently QMDC is BELOW my automatic sell of 50 ma.. (one of my rules)

since, you are still holding.. let's do some damage control... i see support at 22. and it's pretty strong.. QMDC might be strong enough to hold above 22...

however, if it CLOSES below 22, then i would get out quickly, since the next support is at 17..

my weekly charts gave me sell signal since 12/5/97.. if you notice we are at the same level vs 1 month ago.. so in theory, the weekly chart was correct in giving you a sell signal then (note: weekly charts try to give you signals on BIG moves)...

in that one month, money in QMDC could have been in another rallying stock..

hope it helps..

Chris
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