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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (489)4/12/1998 12:42:00 PM
From: Magnatizer  Read Replies (2) of 13094
 
Jim and F1

RE: NVAL TA read

Watch for mild weakness to begin the week as NVAL has weakening short term indicators. Watch for an IHS pattern in the 3 day RSI to form. Breakout of that pattern should signal a reversal for the stock. It is to be confirmed by using the 4,3,2 stoch. Watch for a reversal and crossover on the stochs for a good short term play.

F1

BNYN read

It is on my daily watch list this week. It is in the process of BO into a MIMBO pattern. MIMBO is not taught in any TA book so I will just tell you that if it does qualify as a MIMBO it will have stand a good chance of returning to its all time high in 6-9 months.

I look for a pullback to the mid/lower 5 range where it will bounce off of its solid floor and catapult through its overhead resistance.

Indicators to watch. CCI (13) nearing 200; stoch 4,3,2 reversing downtrend; RSI 13 breaking 80 line; RSI 3 breaking 85 line and of course VOLUME > 90 day MA

ht
david

all of the above is my opinion only. Not intended as advise. All investors should do their own DD prior to investing. Consult a financial planner.

Jim,

Do we have a 13 list ready for the week yet?

thanks
david
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