Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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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 (1817)	6/1/1998 12:14:00 PM
From: Magnatizer	Read Replies (2) of 13094

Jim and Isaac FWIW I have magnets on TRBDF at 7.875, 8.00, 8.625. Once it bases in the 7.50-8.625 area it should give another signal in the 15-17 range. there are no other magnets above 8.625. To me this is an interesting chart now because 1) the magnets seemed to have good strength to pull the stock back. I know there are a myriad of Technical reasons for the pull back but it was looking real strong above 10 just a few days ago. 2) if and when it does signal in the mid teens there will be a huge area without magnets. two possibilities here: a) the stock could just base and give a signal in the mid teens and run right up there in the next 3-6 months or b) the stock will show some weakness and fall to the 4.50-6.00 area and set up another magnet in the 9-12 range. I know those are wide ranges for such a low priced stock but this one has a high volatility right now and the ranges will be wide for a while. IMO of course ht david

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