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

To: Larry S. who wrote (21600)	9/23/2004 2:59:01 PM
From: chowder	Respond to of 23153

Funny you should ask about AUO. Someone asked me for an analysis earlier today via PM. Here it is: In looking at AUO, I see that it is in a nice uptrend. The weekly chart, (the longer term view), shows a nice breakout and the volume isn't bad either. However, I think one needs to consider taking profits in the $14.70 range, give or take a nickel or two. Let me tell you why. In looking at the accompanying chart, you will see a thick yellow line in the top window where the candlesticks are located. That yellow line is money stream or money flows. If the stock were performing extremely well, money flows would be above price. They would be leading the way. In this case money stream lags far behind price. What this tells me is that we should expect a correction when we bump into resistance unless those money flows can increase dramatically. Now, we must look to resistance. Just above the price, you will see a series or moving averages all bunched together. AUO will have a hard time breaking through that resistance unless we see lots on money flowing into this stock. Therefore, I think it pulls back there and you wait for another buying opportunity on a pull back to around $13.25, give or take a nickle or two. ttrader.com. I could be wrong but, that's what the chart is suggesting as of today. dabum