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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Magnatizer who wrote (28432)4/13/1999 7:19:00 PM
From: Jay Tice  Read Replies (1) of 79193
 
David, gotta love The Streamer. Think it could be a bit dangerous though, as it has a sort of hypnotic effect. I wonder if it's healthy to sit in a darkened room and watch little numbers turn green, red and black while outside the sun is shining and the birds are chirping. It has helped me make money though. The plan was to launch SBAS at $2 resistance level, but as I watched everything hitting the ask at $2 I figured the wall would fall so I held. Likewise with PVII, saw everything going through at the bid so I sold at 8 1/2. It's great to be able to see the changes in momentum as they happen.....I picked up some ECGOF this morning at 1 3/8. This company has a buck a shr in cash. The stock got hammered after they took big one time charges, but the company has stated that the rev growth will continue and expect to earn about .30 per shr on the year. The chart looks wound tight to me and it was up today on good volume. As always your opinion is appreciated. Thanks.

Jay

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