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To: freelyhovering who wrote (2288)11/30/1997 1:27:00 PM
From: Doug R  Respond to of 2403
 
Myron,

That's ALOT o' stocks and too few indicators to do much with but...

With SEEQ, weakness in the 13, 8, 8 and overbought in the 3,1,2 that is beginning to pull back would hint that 3 3/16 is going to be retested. If the 3, 1, 2 does not continue to pull back, a crossover in the 13, 8, 8 may occur and signal a move back to 4 or more. Now if I toss in a panel of the 5, 13 and 34 dEMA's, I get confirmation of the view that a couple days of data would be necessary to make a call using the limited perspective allowed.

The 13, 8, 8 on DSPT is in good shape heading toward a positive crossover. When the price hit 8, the 2,1,2 showed convergent bottoms and on this move up shows divergent tops. There's a downtrending line of resistance on the 3, 1, 2 which is coming up out of oversold levels and that downtrend would need to be broken for the 13, 8, 8 to complete a crossover and signal probable price movement above 12.


The 13, 8, 8 on UTDL has set up convergent bottoms and is only a bit weak since although the value is low, a positive crossover is being completed that is higher than the previous positive crossover. The 3, 1, 2 is making a good attempt to recover from extremely oversold and should add strength to the 13, 8, 8. A close on Monday in the upper half of the day's range would be a signal to daytrade for a small but decent profit on Tue. If it is clear toward the close on Mon. that the price will be in the upper half of the range, buy it.

More to come...
Doug R



To: freelyhovering who wrote (2288)11/30/1997 2:09:00 PM
From: Doug R  Read Replies (2) | Respond to of 2403
 
Ok, back with more, Keep in mind that nothing can be said for anything more than quick trading considering the restrictions you have put on the indicators.

The 3, 1, 2 on AAON says it's time to buy it again. It was at 100 for 2 days on 11/17 and 11/18 then backed off to 0 on 11/25 with no price deterioration on the backoff. Now it's been at 100 for the last 2 days again. With 2 periods of this kind of strength occurring in such a short span, the next backoff of the indicator will be a reloading. When it reloads, the price will edge down a bit then move up concurrent with the indicator moving back up again. The 13, 8, 8 has a wide swing up in progress and has just moved above 60 which is necessary to support further upward progress in the price. The next pullback in price that doesn't close on the low would be the best place to buy. AAON could see 9 on the move.

On RADAF, the 2 indicators are cookin'. The 3, 1, 2 is at 100 which adds to the strength of the 13, 8, 8 which is crossed over above 80. Any hint of a move up on volume tomorrow will take RADAF well above 16.

Yo, Myron...
Can you narrow down the rest of the list some?

TIA,
Doug R