lcav Message Board - Msg: 5345462

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Microcap & Penny Stocks : lcav

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To: BARRY ALLEN who wrote (480)	7/29/1998 8:05:00 AM
From: Manny Gugliuzza	of 942

You will definitely get some short term negative readings when you punch up the 14 day or lower periods for charting here: cbs.marketwatch.com this is DBC information and is expensive on a live chart basis. if you put in the 2 year weekly chart and use the 21 day periods for different indicators the real trend for this company shines Yes the MACD is trending bearish but it is not negative yet. still finding good support at the 50 day simple MA this was a relative good shake down with a good recovery at the end. but i agree with Harry and this reversal is important on this news for today to retrace back up 30 to 50 % of that shake down and stabilize above 3.5. or there will be more lower testing of this bottom basin. i still expect more resistance at 4.25 during next test which we may be in now. i guess 3.625 is still the area for closing to mark the best support and carry upward. good luck again ar.

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