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 (2393)	8/2/1998 10:36:00 AM
From: Cush	Read Replies (1) of 13094

Jim; re TAVA; Over on the TAVA thread you wrote: A look at the weekly chart shows the formation of a right shoulder in a head and shoulders formation... After the dip to 5.25 TAVA bounced right back up to the long term trendline... And it did it with authority on a day when the Nasdaq dropped 47 points... This tells me that we've seen the bottom of the recent price weakness... Also, the institutional purchase of 87,500 shares is a very positive sign... I think we're headed back to the 9.00++ area... Were there other indicators (you used) that suggested this was a good time to buy? ie. MACD (did you see something there?) Stockastics (looks like fast Sto. broke through 20 on the 30th?) Don't want to waste a lot of your time on this. Trying to understand buy and sell signals. Thanks, Ray

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