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To: Michael Berkel who wrote (3943)11/28/1997 4:01:00 PM
From: The Perfect Hedge  Read Replies (1) | Respond to of 95453
 
Yeah I noticed the trouncing FGII has been taking and continued today.Seems like the selling keeps going on this one.The ta charts don't look good but one good day could turn it around and I think we all expect that day soon for the whole sector.I'm not getting a buy signal on FGII yet.It is way oversold but so are alot of these stocks.Unfortunately,MACD is just about to cross 0 which means "sell" but sometimes macd is a little late with signals.As far as I can tell,FGII is in a free fall and it will turn up but who knows when?I think this one has risen so much fast that it's got some room to fall.I hope not though because all these stocks move together.I'll let you know when FGII's ta improves.Today's action sucked.They should've shut down the Street today.GD
I just checked the candles on FGII and look out cause I think it formed a bullish Doji star today which means a reversal from it's bearish pattern.I'm not confident about my reading,I need reasurance but I'm pretty sure this is a good sign.(I'm not great with candles yet)