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Technology Stocks : MSGI Marketing Services Group Inc. -- Ignore unavailable to you. Want to Upgrade?

To: owen who wrote (1942)	8/27/1999 8:35:00 PM
From: Mark Peterson CPA	Respond to of 3418

Owen, yeah, I know what you mean about it being a lonely walk. And I'm not a T&A guy, unless you mean something else. But sure enjoyed the last few days and seeing some life in those legs of MSGI. If it gets worse, it ain't getting much worse. If it gets better, it's going to get a lot better. JMO Mark A. Peterson

To: owen who wrote (1942)	8/28/1999 12:07:00 AM
From: John Madarasz	Read Replies (3) \| Respond to of 3418

Owen, as far as T/A goes re: Bollinger Bands... I took the opportunity to round up a little info (albiet dated) on this quiet evening and I'll try to present it with a little bit of novice seasoning and observations...I hope you can salvage some usable info... It's pretty plain to see that on both a 7 day and 30 day chart, using 20 period settings with a standard deviation of 2.00, on 8/26 MSGI's price dipped below the lower bollinger band and closed at $12 7/16. MACD histogram just barely stayed in positive territory at a .01 divergence using an 8-17-9 period setting, (good setting for timing entries BTW) and has of course moved positive today to 0.07 divergence, while the price has moved back up inside the lower band. These are relatively bullish signals, signalling a possible trend reversal. Here's a pretty good laymans introduction to Bollinger Bands, particularly towards the end of the article... moneycentral.msn.com ... and a decent follow up commentary in regards to setting parameters on BB's that pretty much re-iterates some of the points in the previous article... messages.yahoo.com Finally, the perfunctory disclaimer... messages.yahoo.com without getting anymore technical (because I'm basically an A man myself) I'd say MSGI is poised to move up from here and at the very least consolidate itself in price. A few more observations though, 1) MSGI often seems to move contrary to the general market direction, as evidenced again today. An example, Message 9540321 2) The market seems poised to move lower again early next week; Message 11082530 *Historically in bull markets prices will often make their lows on Mondays and Tuesdays on profit taking by amateurs, than rally later in the week. (from Dr. A. Elder's book "Trading for a Living") pps. 71-72 3)Big Holiday weekend coming up...increased volatility could be expected on lower market volumes and higher retail action. Perhaps the market will afford us the opportunity to accumulate again at lower prices before the inevitable move upwards, one can only hope. I really think you said it best here though Owen, Message 10975674 so on that final note I'll close. Thanks for the opportunity to enjoy a great evening martini and practice up on my computer skills! Good trading and... Best Regards, John Madarasz