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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Bryan who wrote (53605)	12/30/1999 12:28:00 AM
From: stan s.	Respond to of 108040

MSGI, Bryan, Nitlyn. A mixed bag. The good thing is the drift down is on light volume. The fasts stochastics are oversold as well and turning up indicating a possible turnaround but it's no slam dunk, a decent candle today as well. There are some short term potential negatives. It's breaking under a little uptrend line. This is also a symmetrical triangle. These are usually very bullish when preceded by an uptrend, ala recent moves in MRVC, SCOC, ASPT etc. but this is breaking under and was not preceded by a big uptrend so it's a little bearish. Overall the signals are a wash IMO with a slight negative bias. So what do I think? It's in a narrow range with closes between 15 and 19 1/2-21. If you close under 15 in the coming days you'll likely test stronger support at 13 3/4. If you break over and hold a close over 19 1/2 then 21 with good volume I think the mid twenties are likely with a mid term target of 30 or so. All you can do is watch closely and see where it breaks, a little too close to call yet. All this is rendered moot by earnings, news, market tanks etc... Oh and as far as QCOM (Nitlyn), watch to see if it pulls a little closer to it's 200 day MA...it's been staying equidistant for several weeks..until just now, it should drift back soon. Stan