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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (218)3/4/1998 1:20:00 AM
From: Larry McColloch  Read Replies (1) of 4634
 
Hey Bill: Btim was identified as a short candidate by Market edge TA today. See below. I think I might join you in a short position tomorrow.

Larry

COMMENT
Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND
Chart pattern indicates a WEAK DOWNWARD TREND
Relative Strength is BEARISH
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is falling which is BEARISH
The 200 day MOVING AVERAGE is rising which is BULLISH
LOOK FOR SUPPORT AT 13.09
Stochastics indicate stock is OVERSOLD

RECOMMENDATION
STOCK IS A SHORT SALE CANDIDATE; STOCK IS OVERSOLD; WAIT FOR RALLY TO SHORT STOCK
IF YOU ARE LONG; CLOSE POSITION OR MONITOR STOCK CLOSELY
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