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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?

To: Dwane Houghtaling who wrote (2712)	12/2/1997 1:08:00 AM
From: WBendus	Read Replies (1) \| Respond to of 6445

Dwane, Just a little helpful advice to the person just starting to try and understand technical analysis. Focus on the chart patterns, they are what tell the true story. Many TA indicators, like MACD, RSI, MF, generate a lot of noise which is useless. I think you will discover that there are only a few stocks which seem to respond to technicals on any sort of a consistent basis. Spot the chart patterns first, then control your analysis with the indicators. You will find that as you practice, you will learn to identify areas of support and resistance and blowoff tops and bottoms. Learning to spot those four things will serve you far better than trying to interpret the noises generated by indicators. It is also useful to compare your finding with others to gain further insight to the art. Rember though, Technical Analysis is an ART!, not a science and like a picture tells a 1000 stories, so too does a chart. Best of Luck, Wayde.

To: Dwane Houghtaling who wrote (2712)	12/2/1997 1:57:00 AM
From: Richard Estes	Respond to of 6445

It has a move up to about 6.50 to 7.13, before continuing downtrend. Just an artistic look at chart. Patterns are in the eyes of the beholder. A good call, Dwane. I am sure Bruce see some fundamental reason.

To: Dwane Houghtaling who wrote (2712)	12/2/1997 10:02:00 PM
From: JessiDani	Respond to of 6445

Stay away from BNGO. there's a thread. If you want to know what's going on, check it out. Beware of the cheerleaders. They are unrealistic. My opinion only. JD

To: Dwane Houghtaling who wrote (2712)	12/3/1997 8:39:00 PM
From: Bruce A. Brotnov	Read Replies (1) \| Respond to of 6445

Dwane, I don't have the BNGO chart in front of me but my "memory chart" of the recent activities seem to have had a hard time staying below 5 3/4 and 5 7/8. Do to the arb games between the common and warrant it probably does not follow normal stock patterns. I am keeping a close watch as I plan to swap the warrants for the common before the warrants expire. It is a bit of a risk play and should only be considered if one things it will recover to 8 or better - if not then I don't recommend it. I didn't buy too many warrants, but have a few that I can convert, but will be watching it anyway. Bruce