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Technology Stocks : ICOM: Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: JimBeamII who wrote (487)	5/12/2000 12:32:00 PM
From: JimBeamII	Read Replies (1) \| Respond to of 494

TA -- for those interested. ICOM looked better Monday than it looks today. The selling has out-weighed buying every trading day. Stochastics, were moving up at the beginning of the week and have been trending down since then. ICOM is not oversold at this point. It is in a narrow trading range and the daily MACD is losing strength. The stock has closed lower each day this week, with lower highs each day. The daily lows have remained about the same. The only positives, from a technical standpoint, is that the BOP is yellow, positive, and appears to be gaining strength. TSV is negative, but seems to be trying to turn up. Moneystream has maintained around the 6.90 range. Both TSV and Moneystream have been divergent, which is a plus. This stock could start falling on its own weight if volume and buying does not pick up next week. The chart is at: www.jimbeamii.com/images/icom0512tc.jpg The above is based strictly on what I may or may not know about Zen and the art of reading tea leaves. Good Trading, jbii