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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: DanWebzster who wrote (20769)	8/26/2000 5:06:29 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 29382

Dan, I think I will defer your question to Ken,,he has a much better record with penny stocks than I..On the P&F chart, the stock broke a double bottom at $3.50 and is currently trading below the signal line. It appears to be holding a spread support point set in Jan. at $2.75,a break lower here and I would suspect it could hit the next support of $2.25 (where it broke through a double top in July) Resistance at $3.50 xocharts.com Williams % appears to signaling a good buy in point (-73),,money flow has turned up a bit, MACD far from crossing. stockcharts.com[L,A]DEHLNYMY[PB50!B200!D20,2][VC60][IUK14!LA12,26,9!LC!LG] Just a few observations,,I know nothing about the stock or it's FA.Still looks a bit risky, but then risk equals reward<g>..good luck,DD..hi ho, hi ho, it's off to foundation excavating I go<lol!!>

To: DanWebzster who wrote (20769)	8/27/2000 12:44:13 AM
From: Ken W	Read Replies (3) \| Respond to of 29382

Dan: Since DD has bowed to me as the "penney stock" expert (Thanks Kenny!) Let me do my thing here. Accept or reject as you see fit. 207.61.23.98 I don't use candle sticks, but have pretty good faith in the several charts that I look at before going for an opinion. The Timely chart quite graphic and easier to explain. George A. may want to take a crack at this one too, just to back me up....LOL First you have to consider that CVOL has risen 51% off of its price of nearly three months ago when one of our contestants picked it up. Now for the chart..The stock needed to hold over 3 real bad to maintain the 50dMA..even though the volume was weak compared to normal it NEEDED to hold 3 on a Fri. close. Next, notice the STO's (50 bar) are in a downtrend as it the shorter (10 bar) coupled with the break down of the 50MA says the stock is going to the next support line. (about 2.75ish) If the stock breaks under that support, and it will, the MM will run it back up to 3.00 just to tease. 3 will then become a resistance level and the stock will move back toward the 200dMA just under 2. If you are going to add to the position then 2ish is where I would add. In the meantime. The stock will become oversold in the short term at 2.50 to 2.75...I'd go for a trade back up to just under 3 to help pay for your core shares. Now all of that being said. If there is some earth shattering news...the stock could go to the moon for no reason. All of this is barring any outside influence. LOL Ken