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Strategies & Market Trends : Charts for Quick CASH $$$ -- Ignore unavailable to you. Want to Upgrade?

To: Carlton G Glenn who wrote (4898)	11/6/1997 12:29:00 AM
From: HeyRainier	Respond to of 9262

[ QSNDF ] Hmm...trying to establish objectivity was much more difficult before I developed a respect for technical analysis. The picture for QSNDF tells me that the stock is trading at a fairly well established support level(from the weekly charts). When it fell below the $3 support level, it turned into resistance and made the journey into an uphill battle for the stock. It's not a lot to chew through now, but the next real threshold to move through is $3.50. The weekly chart shows a nice flag, and the formation implies an expected breakout to the upside. I'm just waiting for the stock to catch up to the fundamental developments that are taking place with this company. Not too many people understand the implications of the deal with Starkey, but I think the longer term effects on the stock price will be dramatic once it translates to stronger bottom line earnings for QSound. It's literally a case of just sitting on your butt, so I'm trying to fall asleep on this one, which Warren Buffett described as the preferred plan of action in his recent annual report. Regards, Rainier