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Microcap & Penny Stocks : KANA - undiscovered Internet Company! -- Ignore unavailable to you. Want to Upgrade?


To: Charles Kalb who wrote (1201)2/15/2001 2:06:32 AM
From: Ronald P. Margraf Sr.  Respond to of 1268
 
Charles,

Myself, I just keep it simple. Here is the way I see it on my program.

The price moving average is still moving up. That's good.;-))))))

The MACD is moving down. Not good.;-((((

The ADX/ADXR indicates that there are still more sellers then buyers. Not good.;-(((((((( This indicates to me that there will still be some downside selling for at least another day or two before it decides to move to the upside again with any seriousness. Hence, I think I can still pick this up between 225-235. That is good.;-))))))))

The Stochastics are starting to turn to the upside an that is good.;-)))))))) So what I will have to do now is run the MFI just to see if it backs up the Stochastics.

So I see todays intra-days low was 235 an its' high of course 28. For tomorrows which is now todays trading, as I see it, Not a lot of support above 27. What I do see is a lot of buying wanting to come in at the 235-225 level an that represents a lot of pressure. 10 bids. So we just might see a low open today at 235. Today could be a tricky one.;-)))))) So I have my fingers crossed.;-))))))

Catcaha on the upside,

Ron