IFMX - Investment Discussion Message Board

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Technology Stocks : IFMX - Investment Discussion

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To: David Lee who wrote (12412)	12/3/1998 11:46:00 AM
From: view	Read Replies (1) of 14631

As I mentioned before, I am not a chartist, but here are the clues that I would be looking for: 1- We are breaking the 200 day moving average on a high volume This is very bullish 2- Last time we broke the 200 day moving average we went from 7 to 10 but the difference is that at that time, theh 200 day moving average was sloping down, which is negative. 3- The 200 moving average is flat, while the 50 day moving average is rising and broke the 200 day moving average (all are good) 4- We now need to get 200 day moving average to start sloping up and if that happens (takes at least 2 weeks to show) means there is a real story behind this particular move, and we should see 10 before the next earnings (my hope anyway)

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