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Non-Tech : Secret Squirrels hit!

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To: Trumptown who wrote (1636)	10/22/1998 9:17:00 PM
From: Larry Voyles	Read Replies (3) of 12872

PAMM - I had to get out my magnifying glass. TA on stocks <$1 doesn't always work well. The 'scale' of things is off. A 25% move on a $80 stock is a lot different than a 25% move on a $1 stock. ANYWAY... MACD is about to cross at the bottom of the chart, which is a definitive buy signal, but RSI is extremely weak and flat. Money flow is showing some slight signs of life on the upside, but the patient is almost dead. Momentum is nosing over and Stochastics are muddy and appear to have repeatedly crossed on the bottom of the chart. The Price Oscillator is diving hard for zero, but the Accumulation/Distribution graph shows a hard upturn over the last five days. Somebody is buying this stock, even with the price diving. This stock is way, way, way below all its moving averages (MA, WMA and EMA) for most all relevant periods. OBV has also turned up over the last five days. Somebody is accumulating this stock on the cheap Translation: It looks like this stock is overdue for a slight pop, but it doesn't looks like it's going to be a moonshot. If somebody put a gun to my head and I had to make a blind guess, I would say this stock will rise slightly tomorrow on falling volume.

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