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Strategies & Market Trends : Three Amigos Stock Thread
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To: Sergio H who wrote (6340)6/23/1998 6:40:00 PM
From: Tx Buck  Read Replies (3) of 29382
 
Amigo Sergio: I'm not crowing, just clearing my throat. While I felt that IIXC was poised last week, it wasn't until this week that some indicators, like the Price Channel and TRIN Arms Index, also looked promising. Since I'm not well-versed in TA, I thought I could get some outside opinions.

I still believe that IIXC is poised to take on their old highs (60s) but that's based more on a belief that its fundamental value will be reflected in an improving market for the sector and the equity. I have seen the term "magnet" used for resistance levels and I thought maybe that TA in this area would help others take advantage of IXC's continuing strength.
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