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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (25203)	5/24/2001 11:50:14 PM
From: somatics1	Read Replies (1) \| Respond to of 29382

Hello Bernard...here is my take on the charts you posted...the first one shows extremely overbought conditions. I am seeing that a sell off has started. Both the 3 and 5 bar are showing it, although the 9 hasn't quite caught up to it. I would watch the 50 real close for a signal as well. I have learned that it takes about 1 1/2 days for the stock to actually react to the downturn in the stochastics....for the most part... As for the gap fill...there isn't much resistance at current levels...eyeballing it, I can see that current levels reflect prices from the later part of April...it's gonna need a surge in volume ( it has had two up days) to get it to fill the gap past 4.75. As a trader, ya might get one more day for a swing from 3.02 to 3.50. Personally, I don't see the gap fill quite yet....but as Ken has taught me....what the hell do I know LOL George A.