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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: d. alexander who wrote (24401)11/18/1999 11:48:00 PM
From: Johnny Canuck  Read Replies (2) | Respond to of 69814
 
Dorothy,

I am more worried about the TYX crossing the 50 day EMA today and the
DJUA setting up to test the local low on the daily chart today . Despite the good breadth demonstrated by the Russell 2000, we are really extended here. We need to pull back to consolidate the advances, so we due for a few down day. My SP 500 system is only generating a continuation signal right now though.

Bought IFMX at 11 3/4. I had to leave so I did not hold out for 11 1/2. It seems trapped in that range most of the day. I-Watch site
reporting more than 1/4 of volume was large block one the buy side at the time of purchase.

*********************

OBV break out above local high, not overbought based on MACD and 20 day 2 STD envelope:

QWST and RBAK.

Is any one up to date on the fundamentals on RBAK. It had unusually high volume today, but the range of the stock seems quite tight based on the daily chart. Is this the shares from the lock up coming through now? Are there any product releases coming up?

Harry