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Non-Tech : Amati investors

AMTX 1.425

-2.4%

10:41 AM EST

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To: Wade Sickler who wrote (8012)	1/5/1997 4:01:00 PM
From: Galirayo	of 31386

Wade >> Most stocks in downtrends typically fail their first challenge at the 30 and 50 dma's. It's the second test that is important. >> Very true. Thanks for pulling me from the archives. It gets tedious there. Didn't we test the 50Dma and the 30Dma twice already on 11/08 and 12/04. I agee with you on this it looks similar to the pattern we had on 8/28 as far as the 50dma being below the 100 and 200. But then we were testing the 100. Macd was down trending from the top and Sto was downtrending from the 80. Now the same holds true for the moving averages but sto and macd.were on the bottom and now they are both uptrending. Sto crossed the 20 line on a gap up Fri morning. And Macd did the same thing. All this follows the Morningstar Candle showing on 1/2/97. I'd say this run up may look more like the one Amtx had on 7/30 if you look at the relationships Sto and Macd then. And also the relationship of the 10, 20, and 50Dma. And then also the Chalk Cumulative and 21 day MFlo look very close today as they did then. Look at that 7/30/96 again ang tell me if you see what I am seeing. It's so similar to 7/30 except no Morningstar then. Thanks Wade Ray

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