ABTX - Agribiotech Message Board

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Microcap & Penny Stocks : ABTX - Agribiotech

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To: Jeff Sutton who wrote (7112)	1/22/1999 10:24:00 PM
From: John S. Baker	Read Replies (1) of 8359

Technical patterns -- very curious. Stock price has gone basically down all week. Yet today's Money Flow Index ... a measure of the net flow of money into or out of a stock ... is the highest positive since 10/28/98. That suggests a massive buying program by someone. Two oscillators ... so-called "Ultimate Oscillator" and "Williams %R" ... often are watched to see if they confirm the existing direction of the stock price (down all week). If the stock price continues a trend, but the oscillator reverses itself and goes counter to the stock price, this anomalous pattern can be interpreted as suggesting an early warning of a switch in direction. Both of these are counter to the price trend today, ie price continued downward, but oscillators went up. There is something here which I do not understand. It bears watching. I have not placed a "market sell" order for Monday morning <grin>. JSb.

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