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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (747)	1/14/2002 1:32:23 AM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

Softechie, let's take a look at your MIR. From early June things get pretty ugly as the 13 day EMA fell below the 50. The stock has had a hard time breaking back above the 13 day EMA as it became pretty solid resistance once things broke down, where before it was support. The current situation is not conclusive. On the negative side the stock remains in a weak pattern according to the MACD reading. However on the more accurate shorter term indicator, the stochastics show an oversold position could be near and the red line is mildly above the blue line. The histogram reading has been mildly positive even though we've had 4 down days in a row. Not sure what to make of that, anyone have any thoughts? With earnings apparently coming out, this one bears watching but not trading, IMHO. One last thing - common wisdom according to Kinsey is that you would avoid going long this stock ever and pick something else because there are more red lines across the top of the charts than green. Shorting at the right time would be perfectly fine, however. One last One comment from Clearstation: Mir fell to the $13s, back to $16, and came down to the $13s again, The backslide could be due to profit taking by those who had bought in the $13s to see a dead cat's bounce. Or, it could be a poor earnings report to come that some people have gotton wind of. Technically I see a double bottom here. But a poor earnings report will falsify it. AT this juncture, it is a gamble.