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

To: Ken W who wrote (20776)	8/27/2000 1:21:49 PM
From: somatics1	Read Replies (2) \| Respond to of 29382

Ok, mijo, you have put me up to bat, so here comes the swing!! 1. I don't use candle sticks either LOL, Ken didn't teach'em to me! 2. I agree on the point that this stock needed to close at the 50 dma...market psychology dictated that this is the position that players wanted to make them feel better...after all, they are holding over the weekend! 3. Look at these charts and perhaps it tells what might happen Monday...I see the filling of the tiny gap gap to 3.12 before it starts to fall again. After all, the short term 3 bar stochastics suggests that it is oversold and will fill the gap...it might even go to 3.25 too! It's fall is probable as the longer term shows a downtrend. 207.61.23.98 siliconinvestor.com This other chart reinforces the possibility that the downtrend is in action...Look at the rsi and macd...not reason to go out and celebrate. siliconinvestor.com 4. I agree on the range for daily trades, but I am not convinced that it may hit the 200mva under 2. There is a lot of support at 2 and not quite as much at 2.25 or so. I would add to my position as close to 2 as possible. Ok mijo, did I back you up?? LOL George A.