Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Meade Instruments Corp MEAD -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (106)	3/29/2000 3:42:00 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 175

Hi Bosco, At the moment, MEAD is showing early sell signals: OBV has turned down, as have Williams %R, RSI, and MFI. Price ROC and stochastic look ready to follow suit, and the last signal would be MACD, which would be confirmatory. MEAD jumped off it's 10 day ema briefly 2 weeks ago, then corrected back to that level. askresearch.com It appears to be in the midst of a similar correction right now, forming a bullish flag towards either the 10 day ema (55) or candle support (about 62). Volume is tapering off as well, as the sellers are flushed out. It's too soon to tell which way it will break, but the next couple of sessions should make that clearer. My guess is that it will most likely repeat the move it made about two weeks ago, and take out overhead at 70, above which is blue sky. But again, it is too soon to tell. I'm long here as well, but I'll be watching closely, and if it fails support at the 10 day ema, then it's a sell for sure. All IMHO........... Walkingshadow