Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 190.23

+1.8%

Nov 14 9:30 AM EST

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To: ayahuasca who wrote (1989)	12/13/1998 11:23:00 PM
From: ayahuasca	Read Replies (1) of 56534

Over on the IMRS thread, the most knowledgable and consistent poster for quite a long time now, is paul e. thomas. Since I am not a technical wiz yet (I am learning), I thought I would post his recent assessment of IMRS, technically speaking. I consider him to be wholly reliable and honest.... A PAUL THOMAS BUY RECOMMENDATION).Over the last 6 months there has been only three previoustimes when A buy signal was generated for IMRS based on a daily Stochastics chart.A buy signal was generated Friday The results were as follows: buy 25 1/2 sell 32,buy 26 sell 30,buy 20 sell 26 .The average gain was 25 % in a period of about 3 weeks. On this basis I would expect IMRS to reach 27 by early January.A daily stochastics chart when used properly is not intended to catch bottoms or tops but rather to give a reasonably conservative view when it is not likely a beginning upward trend will reverse itself.I am already fully invested. I am betting that the Thursday Analyst conference will provide a last minute kick up of my December options due to expire Friday

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