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To: Arthur Tang who wrote (631)9/26/2000 6:57:23 AM
From: Arthur Tang  Respond to of 706
 
Using SI 6 month chart with volume and net balance color indicator; it shows oversold condition. The last spike up confirms it. Trend lines however, shows breakdown. This(trend) is an investor sentiment indicator, from the market making activity in the past months. So, it is accumulation time as it breakdowns further, except the company is not having a plan for stockholders' value.

So it is a toss up. Luck would have it, the specialist with the help of large brokerages may level it out(takes a long time) then breakout. Or use a single bad news to take out all the weak hands then breakout. The latter looks more favorable at this time. Patience is the only thing left, unless you nibble on oversold.



To: Arthur Tang who wrote (631)9/28/2000 11:44:27 AM
From: Yogizuna  Read Replies (1) | Respond to of 706
 
Boiling point was reached yesterday..... <big grin> The smallest time frame chart I watch on anything is the hourly chart, as I have found anything smaller to be pretty useless for me personally. That trend-line support and 27DMA come in very handy sometimes! Yogi