ORIOLE SYSTEMS (OOL:VSE) Message Board

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Gold/Mining/Energy : ORIOLE SYSTEMS (OOL:VSE)

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To: Mr.Staya who wrote (29)	4/29/1998 6:07:00 AM
From: Steve Kirk	Read Replies (1) of 605

Hello Mr. Staya, the technical analysis produced through my computer program since April 22 has re-evaluated the long term analysis which now suggests the outlooks for the stock appear to be turning bearish. This long term trend indicator is designed to predict and confirm a very bearish or very bullish trend when a reading of 100 percent is generated in either trend but also takes into account short term weaknesses in the short term trends which are not normally taken into account when standard long term indicators are employed. Standard long term indicators unfortunately will continue to indicate bullish or bearish trends long after these trends have ended which is why this system was developed. On April 22, the indicator showed a continuing 100 % bullish trend, the trend has rapidly declined in strength lately. Should the bearish trend rise to 100% the bearish trend will be confirmed at which time a sell would be considered. I personally believe the stock has good potential otherwise I would not have bought more at these current levels. The basic support and resistance lines have not changed appreciably from the April 22 report which gave a support line in the area of .40.

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