EURODOLLAR - SOFTWARE GOLDMINE Message Board

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Technology Stocks : EURODOLLAR - SOFTWARE GOLDMINE

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To: Sergio H who wrote (8)	3/7/1998 2:09:00 PM
From: freelyhovering	Read Replies (1) of 124

Sergio--PTUS has an interesting chart pattern developing. It appears to have come to market in July '97 and hit a high in the low 30's in Aug. Since then it headed South for the Winter and landed in November '97 at 14.75. It recovered to 23.75 in early Jan. '98(This cookie can move when it wants to) and on Thurs and Friday hit a new low of 13.88. However on Friday it had a big bounce, perhaps anticipating your interest in the stock, and ended the day at 15.63. A nice right sloping W formation could be forming with the neckline at 23.75. Thus, it could be in the early stages of a big move to around 38 to 40. This is my HO and prediction. In terms of TA confirmation of my prediction, there is some upturn in TSV's of various lengths and early upmove of short term and long term Sto's. BOP is starting to look very strong but MoneyStream has yet to move up. RSI readings also are improving as are price ROC. I think the market senses that you are interested in the stock and bounced mightily on Friday. I will be interested to see your research on the stock. I hope this helps. Myron

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