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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (23023)	5/26/2003 12:27:37 PM
From: wildandwonderful	Read Replies (1) \| Respond to of 206317

Larry: stockcharts.com I got interested in TE, because of divergence that developed in Feb, although stock price kept falling, ROC kept rising,so I loaded up. I thought TE will rise much faster than it did, now all the overhead resistance has cleared, RSI,ROC are still rising,I am going to hang on till it hits resistance at 200dema at 14.2 area.

To: Larry S. who wrote (23023)	5/26/2003 6:07:26 PM
From: chowder	Respond to of 206317

Larry, I actually feel better about TE than I did initially, the last time I provided analysis. I was concerned that TE was coming up on resistance and I wanted to see it break through resistance on strong volume. It did this. Let's slap some bollinger bands around the price now. You will notice TE is now outside the band. Since 95% of all price action occurs inside those bands, a close back inside would be a bearish indicator. However, I think TE is showing sufficient strength now to stay above the 20 ema. I made one other change to the chart. Every stock's characteristics are different. Each trades to a different tune. Since TE is in the early stages of its break out, the 10 day ema has provided support. As stocks continue to show strength and more and more people have a profit to protect, those supporting moving averages will rise with the trend. In the early stages the 10 day works best. Later the 20, 30, etc. Here's the TE chart with the changes. stockcharts.com[h,a]daclyiay[pc10!d20,2!f][vc60][iut!La5,17,9!Lj[$spx]]&pref=G dabum