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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (17189)	10/31/1999 6:16:00 AM
From: Ditchdigger	Respond to of 29382

Hi Ken, yes the P&F charts are pretty neat, as well as useful..They tend to take out much of the short term noise(where you make your money<vbg>) and identify the current trend. In GLBL's case,using a 3 box reversal,the stock reversed into a colume of X's (bullish) when the stock hit an intraday high of over 8+ from an "O"(negative) column which started at the intraday dip below 6.5(in mid/early Oct)..In this stocks case,since it's price is sub 20..each box represents 1/2pt,,thus a 3 box reversal is 1 1/2pts..So at this point to go negative back to the O column, it would again have to dip to an intraday low of 6.5..not very good for day trading.. Still having a bit of trouble with that site loading... A little P$F info 204.232.40.6 chartcraft.com Interesting to note the insider selling in GLBL(or lack of) over the past year or so,while the OSX tanked,,in fact Dore has taken the opportunity to substantially increase his holdings(23MM shares +/-).. biz.yahoo.com