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

To: Magnifique who wrote (1228)	11/16/1997 10:48:00 AM
From: stan s.	Read Replies (2) \| Respond to of 1391

CYMI, a number of things going on here. The action Thursday and Friday prompted a slew of short term buy signals...i.e. Stoch., CCI, Williams%R and the less frequent signal from RSI. geocities.com Closing prices also held at 17 3/4...a line of support dating back to points in April and May. Accumulation looks pretty good and the mid term indicators have flattened. MFI and OBV are looking up as well. That's the good news, obviously all is not rosy...still an ugly overall chart but is within 5 or 6 points of looking pretty good (Moving Averages etc.) A couple of things would have made this rally more convincing....if the volume Wednesday and Thursday (before rally) had been higher...indicating a final capitulation and if Friday's come back had been on higher volume...indicating a stronger short squeeze. I still hold some and I may start to trade some now...but I am not convinced of the sustainability. The CYMI thread has pointed several recent articles of late that do seem quite hopeful. Tomorrow should be very interesting. I'll look at some of the others as time permits, good luck. Stan