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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: Spreck who wrote (1351)	12/23/2004 12:54:10 PM
From: Big Dog	Respond to of 13449

Oh Dr. Spreck, Thank You for those kind words...I'll just pretend I bought it now. <g> big

To: Spreck who wrote (1351)	12/23/2004 5:43:10 PM
From: chowder	Read Replies (1) \| Respond to of 13449

>>> KONG Looks like more of a buy now than it did over 10.00. <<< Spreck, you may be right! KONG successfully tested the 50 day moving average and formed a Doji candlestick pattern today. The Doji represents a balance between supply and demand and often indicates that the acceleration or momentum of the prior candle is about to change or reverse. If price rises above the high of the Doji, it's a long. If the price drops below the low of the Doji, it's a short. I love to play Doji patterns off major moving averages. This one will go on the next list of Stocks To Watch. Thanks for reminding us. In looking at the chart, CCI and Stochastics are oscillators and should confirm each other. In this case they don't. There is a divergence with the CCI heading down and the stochastic slightly rising from an oversold position. These indicators confirm the strategy mentioned above. One should wait until we see if KONG rises above today's pattern or below it. stockcharts.com[h,a]daclyiay[d20040923,20041223][pb50!b20][vc60][iut!Ld5!Lp12,3,3]&pref=G dabum