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


To: mtnlady who wrote (12177)11/7/2000 6:31:01 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 65232
 
TA on NTAP... could be bullish as hell... butttt

today was good for NTAP, up 10+
it held the high for the day
it found support at 105
now coming up against a cluster of MovAvgs
the 18dayMA, 30MA, 50MA lie between 117-120
last trade for the shares was 121

money flow is just good, came down recently, but strong

relative strenk is rather poorly now, showing under midrange

but daily stochastx shows a early signs of a "crossover"
this signal is not as strong as a MACD crossover,
where moving avgs cross and align properly
in fact, the 50MA crossed below the 30MA last week
this must correct itself, could happen soonly

a mass of resistance between 115-125 from early October
this must be resolved, as weak-kneed bail out even soon
it may have started already today

watch for approaching the "old trendline" when it nears 135-140 from BELOW

that double top near 145 looks imposing and unhealthy
NTAP could attack old highs once more
but that is all I can say with any half measure of confidence

/ Jim