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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (16570)10/9/1998 7:47:00 PM
From: Jenna  Read Replies (2) of 120523
 
Three charts ITWO,HDI,IDTC..from Excellent, Fair, Poor..

Not every stock today was trending up and giving buy signals.. Here are three charts, I did not include all the indicators I follow but a 'condensed' version from clearstation. You should get the main point I'm making from looking at these charts. Of course if you look at the daily chart the trend is much clearer. You should get the 'general' trend of stock from the weekly chart and the buy signals from the 5 minute chart. In these 3 charts I got 2 buy signals.. HDI was undoubtedly a false signal but in this case fundamentals might win out on Monday, I got no signal from IDTC which was down pretty quickly, and got a really good signal from ITWO..

clearstation.com .. draw a trendline from the last few red lines of the macd histogram and there was an uptrend developing. The fast Stochastic just crossed the slow stochastic and they were turning upward. ITWO looks like trend will continue as the MACD histogram finally completely breaks out above the center line.

clearstation.com. FAST macd line was making an effort to cross the slow line when I bought in thinking the MACD histogram red lines would continue getting shorter until they broke through above the center line, it got shorter but then abruptly stopped...never breaking through. I'm still holding HDI

clearstation.com. looking at the macd histogram this one started to trend lower and lower from the first few days of October..just draw a trendline to see it clearer. Although stochastic made a weak try to rise they were on a clear downtrend, the MACD histogram told the story as the red lines were getting longer below the center line. Regular fast macd crossed BELOW instead of above slow line. This one never had a chance.
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