3DFX Message Board - Msg: 4919445

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Technology Stocks : 3DFX

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To: JR who wrote (4158)	6/18/1998 2:05:00 PM
From: Mike Sesan	Read Replies (1) of 16960

JR, Triple D from a TA perspective looks ready to move. A buy signal was generated on 6/16/98 when the stochastic went from 19.44 on 6/15/98 to 22.918 on 6/16/98. The r-squared value was .053 which is less than the critical value of .27 which would indicate a trend. Stochastics work best when there is no significant trend because stocks can remain overbought and oversold for a long time when a trend does truly exist. The Chande Momentum indicator is -54.359 indicating an extremely oversold level. With all these indicators in perspective the stock should move up until it reaches the overbought level at a stochastic above 80. TA isn't everything but it can help. I just wish I would have listened to the Stochastic on TDFX and sold when the signal came in when it jumped to 23 the other day. Oh well, I'm still long on TDFX and hope we can get through this. Hope this helps.

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