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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (2892)	4/8/1998 11:42:00 PM
From: Magnatizer	Read Replies (2) of 29382

Ken RE: ORBT TA read. Right now I see a base forming. Most of the short term indicators have hit bottom (by bottom I mean 0-5 on a 0-100 scale) this normally shows the stock is at a bottom. It does not mean the stock cannot go down any more. The long term indicators are in very good shape. Volume is very sporatic which will give a high degree of volatility. One big negative TA wise was the AD line. It looks sickly. As far as oversold, it is short term. It is not long term. I have a target of $5 from a trigger buy signal given 12/5/97. ht david

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