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Strategies & Market Trends : Technical Analysis - Beginners

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To: FishbackJ who wrote (8459)	7/15/1998 8:03:00 PM
From: TechTrader42	Read Replies (1) of 12039

That's encouraging -- that you see solid support at zero. I think my own view -- tainted as it was by TA -- was too negative. As for point-and-figure charting of MPTV, that sounds like a lot of fun -- not unlike a stimulating round of tic-tac-toe. The problem with applying most traditional TA tools to nano-caps such as MPTV is that the tools are too large. It's like applying conventional medicine to a Lilliputian. One gets blood -- or red ink -- all over the place. But point-and-figure charting might be the solution, if one can obtain such small-scale graph paper. On the matter of the prohibitive cost of the phone call, why don't you call collect? Once the operator makes a connection, cancel the call, just in case the the company is foolish enough to accept the call. (Even the cost of a phone call could tip the next quarter's balance sheet the wrong way.) Brooke

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