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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH -- Ignore unavailable to you. Want to Upgrade?


To: flickerful who wrote (1166)11/3/1997 10:02:00 PM
From: stan s.  Read Replies (2) | Respond to of 1391
 
Flickerful...sorry for the delay on IDTI. My data provider is late tonight.

I will post here when upload of chart is completed.

Oh, nice analysis of BROD...my only variance would be the segment about heeding my speculations...always a peril.

Later, with the chart.

Stan



To: flickerful who wrote (1166)11/3/1997 11:50:00 PM
From: stan s.  Read Replies (2) | Respond to of 1391
 
IDTI, CYMI, BROD............................................

IDTI, this must be a very frustrating stock to own. It trades fairly predictably
within support and resistance lines...but in a most enigmatic fashion. Wild
fluctuations and gaps, always giving the impression something momentous
is about to occur...then nothing.

Anyway...a nice gap up or window today, hence the new support line.
Resistance is hard to gauge because the price is all over the map but call it
13 1/8 and then 13 3/4.

The blue lines here indicate each recent cross of the Money Flow Index
by the the faster Composite Binary Wave. (red over white, top box)...each
instance resulted in a test of resistance and each previous cross preceded
an MACD buy signal. This most recent cross implies an impending MACD
cross and buy but it has not yet transpired.

This stock trades so erratically that the best claim I can make is that the
short term looks like it has some upside left...longer term...who knows..it looks
like it's been a wild trading stock as far back as my charts go.

It looks like a good stock to trade....hopefully it will soon take off. Good story
behind it.
geocities.com

CYMI, once again giving signs the bottom is near. This time it's a bullish
Harami and a Wiliams%R buy signal....RSI seems to be reversing here as
well. We shall see....
geocities.com

BROD, pulled over a downtrend line with a slew of nice signals. How
long will it ride Riven? I wouldn't tolerate much of a downturn...
geocities.com

Stan