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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thean who wrote (12253)2/20/1998 11:36:00 AM
From: JZGalt  Read Replies (1) of 95453
 
I'm not a big fan of trying to use BB's to decipher the direction of stocks in the near future. What I have found useful is to look at Money flows (30 days average) and OBV in conjunction with a relatively slow moving MACD (34,89, trigger 13).

Use:

cbs.marketwatch.com to see these indicators.

Although looking at the BB's, TMAR is not unique, if you look at the money flows and the OBV, you can see a decide upturn in the past 5 trading days. Someone has been buying this stock.

----
Dave
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