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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (2030)3/22/1998 10:18:00 AM
From: Magnatizer  Read Replies (1) of 29382
 
Sergio

TA on ILNK

Short term outlook mixed. Since Jan of this year there has been a improving short term technical picture. May have climaxed Thursday as all of my indicators are turning down from Fridays collapse. One especially bullish indicator was the 13 day SMI which showed the last time it was at current status the stock ran from 3.60 (2/26) to 10.12 (4/10) a nice little 181% one and a half month increase. If it does this again we will see 21 level first week of May. However that was the only real bullish indicator most were neutral to bearish.

Long term outlook. Again mixed. Long term uptrends in all indicators established. However most values are around the low for each indicator. This tells me that it will be awhile before true acceleration with support can occur. Many long term indicators appear to be forming C & H formations. They have just completed the C and are now working on the H.

IMO this would be a good stock to check periodically. In a month or two the long term indicators may be showing a more bullish scenario but there is a possibility that short term we may see the 5 level again.

BTW any FA which would help turn the tide. I did like the volume increase (perhaps some insiders who know something we do not).

ht
david
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