As I've posted a few times, I follow the accumulation/distribution pattern on THRX via Telechart 2000's, "Balance of Power" (BOP). The indicator seems to work fairly well with this stock. For instance, in '97, a few days post "New America", the stock declined to the mid-low 20's, but stayed at 100% sized green bars (as good as it gets). The volatility was heavy in the summer, but BOP stayed maximum, beginning to decline slightly before it went over 50 and crashed. Red bars then dominated for quite a while. After the last earnings, we again had maximum-sized green bars. They turned yellow when it hit 60, and there were moderately-sized red bars (distribution) for awhile. Over the last few days, the bars turned yellow again, and then green 2-3 sessions ago. Friday's reading was a 30%-sized green bar, up about from about 20% on Thursday. So, there are positive signs. We shall see.
Jeff
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