FORE Inc. Message Board

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Technology Stocks : FORE Inc.

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To: Nicholas Rauch who wrote (12133)	4/23/1999 12:37:00 AM
From: Trevor Goodchild	Read Replies (2) of 12559

Nicholas, Try this link. Most T/A signs say buy. equities.barchart.com I'm Sure you are reading your charts correctly because there is no right way or wrong way. I'll defer to your T/A because I do T/A only at times I'm considering making a trade and I only chart points I feel are relevant. As you know, T/A interpretation is very subjective. For instance, based on the link above, the short term MACD and medium term indicate buy while long term indicates sell. If I were looking at MACD for FORE, I would tend to disregard any point before 2/26 because that was the last time news drove the price. I disregard that movement because to me its a fundamental movement based on news. Once the news related movement is over, then to me the supply and demand of the stock during the news quiet period becomes very interesting to me. That period would be between say 2/27 and yesterday. Tomorrow's gap or intitial movement will be discounted by me again as a fundamental movement, and then I watch the stock very closely (price and volume only) to try to gauge which direction the new equilibrium is. The only thing I believe in is supply and demand so tracking price alone wouldn't indicate anything to me. Good luck tomorrow.

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