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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: double-plus-good who wrote (39162)2/4/2000 3:56:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
double-plus-good: You must be one nice person...<g> Give me some time to get back to you. I got to wrap up the day.

PLUG <------- Whoops, down elevator
QCOM <------- Cult must be holding it up
AMZN <------- Following expectations for the most part
CSCO <------- Struggling around the rising resistance line

Regards,
LG



To: double-plus-good who wrote (39162)2/5/2000 8:27:00 AM
From: HairBall  Respond to of 99985
 
double-plus-good: I took a look at HOMS. A recent IPO with not a lot of trading history behind it to evaluate.

It has closed all down gaps so far, but not all up gaps. Each move up has retraced at least 61.8% or more. This latest retrace gave back the most. If it follows its short trading history it should fill the gap. However, HOMS looks like it may have topped out last week for a while.

Frankly, I am not sure on this one...sorry I could not be of more help!

Note: This was strictly a brief technical read and I did not look at the fundamentals.

EDIT: HOMS has been rising in a trading channel. Daily Chart Semi-Log Scales. Something to keep an eye on...

Regards,
LG