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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: azluke who wrote (2418)9/19/2000 11:28:58 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
quick noodle TA on GSTRF

not concerned here with business model
military contract or not, the financials scare me

looks like a W-shaped reversal pattern
base at 7-7.5
upper bound at 15
potential power of 8 pts
target 15 + 8 = 23

notice the hitch in its giddalong at 13.5 back in May and again in July
(Texas expression made famous by Don Meredith on Monday Night Football)
today seems like a rebuff conditioned response
I love these little TA tidbits to throw in the face of naysayer jagoffs

I think G* will struggle to get over 15
the fundamentals are so needy
the military contract offers big promise
but this guy is a long way from profitable
dunno the impact on price from projected losses

once over 15 though, nothing interferes with path to 30
target may be 22.5 with W-shaped reversal pattern
but it would proceed most likely to 30

relative strength and stochastics have been gaining for weeks now
/ Jim