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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Ira Player who wrote (16679)	7/7/1999 5:44:00 PM
From: Jeff Jordan	Respond to of 43080

<g> Ira, thanks for your vote of confidence. Sorry, you chose the wrong direction. PMTC Norman, I'm trying to determine today's activity. Major volume increase...not exactly negative...although MACD appears to want to turn down. OBV trending down Maybe First Boston "buy" rating on 7/2 is having an effect. Base from early May...nothing particularly negative....Candlesticks alerted a direction change I think it was 7/2 but chart turned down. Directon not conclusive yet....if it can hold here that would be a good sign...if it breaks down from here....ynot. However, slight...an upward bias started mid May....additional buyers are now required. I expect it will take a further 3 bars to actually determine it's direction....I'm not excited...but 11.69 seems to be good support. One should make another determination at that point. Jeff