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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (6409)	8/2/2001 4:20:10 PM
From: chowder	Read Replies (2) \| Respond to of 23153

The technical indicators have caught up with PENG, if you're short. stockcharts.com[h,a]daclyymy[pb50!b200!b25!b9!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3!Lc20!Ll14] The Stochastics have turned down and have started to cross below the 80 line from overbought range. This is very bearish. This is where an assertive short will want to take a position. This indicator is telling the longs it's time to sell. The ADX Indicator, which shows the buyers vs sellers, shows the green line (buyers) turning down, and the red line (sellers) turning up. This too is very bearish. The long red candlestick is a bearish sign and the lower shadow touched the 9 day moving average line. Based on the type of pattern that appeared today, my guess is that the 9 day line will be assaulted tomorrow. A break below that line confirms a near term downtrend. The Relative Strength has also turned down and the MACD Indicator has lost it's upward momentum and should turn tomorrow if PENG closes down. The Chaikin Money Flow Indicator shows heavy selling/shorting. This is the best this chart has looked, for the shorts, in the past couple of weeks. dabum