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Microcap & Penny Stocks : AAA US Alcohol Testing

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To: Chris Muhney who wrote (21)1/15/1997 3:44:00 PM
From: Burkhard Brinkmann   of 34
 
Well, I'm not really a guru on this, but I use the MetaStock software for chart-screening - which workes fine for me.

I placed a sell on some stock at 2 1/4 yesterday as I expected it to reach an intermediate peak at this level as the stock was moving into overbought territory.

I expect a consolidation for the next 2-3 weeks around 2. I will buy more when it reaches 1 3/4.

Good Reference on technical analysis ?
Well, I like Martin Pring's book called "Market Momentum" published through his own "International Institute for Economic Research"

ISBN 1-55738-508-4

It gives an explanation on all major indicators and how to interprete them. And it makes an excellent desktop-reference.

Hope this helps....

Burkhard

NB: I remain long on the stock overall and my 9-12 months target is between 4 and 5.
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