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To: LLLefty who wrote (3770)	8/31/2000 10:24:57 PM
From: Jeff Bond	Read Replies (1) \| Respond to of 6516

i want a job at a bigshot firm, maybe work for mr. big himself, i'd prefer big digit paychex, will perform (including stupid pet tricks) on job, can anyone hook me up? please advise :o) some thoughts (cheating ... and looking back): chart - siliconinvestor.com 1. early april, price fell from $70 range to $35 range. this is last price it tried to hold before falling, so it becomes resistance target level on way back up. 2. late april, MACD turns and crosses, GREAT time to buy ... if its truly a "great" company. momentum buy, or long-term buy & hold, first & best shot at getting into this stock. 3. mid july, MACD tops, and stock meets resistance as it "re-discovers" that $70 range, on the way back up. selloff, last of the toads out, real money coming back in. 4. early august, reversal, as MACD turns back up at zero line, indicating STRONG trending stock bent on continuing trend established. risk play at this point, far less optimal buy point than late april, but MACD hints and suggests trend will continue. 5. early april's to mid-july's peaks form well defined cup, and month long retracement following mid-july peak create nice downward sloping handle. situation is in place for breakout to occur. 6. breakout price defined as price $1/8 higher than prior high in handle. price target met (posted to thread), TIME TO BUY FOLKS, by far the second best opportunity to buy shares to date. 7. late march price of $100 now becomes new expected level of resistance, and nice point for consolidation. i expect stock will show slight pullback, form well-defined handle, move on and on ... and on and on and on :o) 8. late june, 10 day moving average crosses back up through 50 day, good trending indication bottom is set. also a pretty good place to buy, at times of major moving average crossovers. hope these notes from the field help pin down ideas on "looking" at a stock technically. BEFORE technicals even begin, i look at the fundamentals. if they make sense, i will go with it until management changes, compnay is taken over, etc. stuff like that. there is no predictive power in technicals, just as there is no predictive power in fundamentals. both simply provide clues as to possible future movement. fundamentals tend to steer the price along a long-term trend, and technicals osscilate the price along that trend. emotions are the name of the game, and A CHART IS THE BEST READ ON EMOTIONS you are going to get in the stock market. take advantage of it, i promise you large funds, institutions, and savvy investors do. regards, jb P.S. dude, i can't remember who it was, but private messaged me regarding technicals, and i suggested looking at PSEM which was prime candidate for MACD run. stock was $39 range a month ago, now nearly a double at $78, tell me you bought some then, woulda thunk you'd been happy to do so :o)

To: LLLefty who wrote (3770)	9/1/2000 9:20:37 AM
From: shamsaee	Read Replies (3) \| Respond to of 6516

The misgiving about TA by most people who have never taken the time to study it is that it can not overcome fundamental analysis.I agree with that however if you study it it does give you a lot of good entry objectives and warning signs when things overheat to reduce your risk.It was a no brainer to buy in the 30s and 40s but when you get to mid 70s within 60 days then there is risk involved specially when the market was so weak.I am new to TA and would recommend it only as a longterm piece of the arsenal and not to be used as a short term tool where it becomes misleading and poor. It is also quite complicated and difficult to master and takes many years.That is probably why there are a handful who have a decent track record on TA.Continue to hold companies you research and buy on FA basis but educate yourself about TA because it will come handy down the line.