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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Dave H who wrote (9283)12/15/1997 11:21:00 AM
From: ivan solotaroff  Read Replies (1) | Respond to of 79378
 
Dave:

I haven't bought amvc yet cause I haven't sold recy yet (YET).
Why do you say breakout on volume? 38K isn't breakaway. Even if you multiply it by two (hours left/hours elapsed), you're not showing high volume today.
Very curious, as I would probably act on any sign of breakout.

Ivan

PS: Have been out mimbo-hunting all morning. If I understand them correctly, November was a MIMBO-breaking month.



To: Dave H who wrote (9283)12/15/1997 11:41:00 AM
From: Ken W  Respond to of 79378
 
Morning Dave,

You were exactly correct on USBG. Falling apart....How about a new one...ORBT looks like a breakout last week on volume, going back 5 years it is just slightly above the resistance line from around 2 to just above 3.50. It appears that alot of sell off was about 2 years ago so there should not be much overhead on the way up..

The co is actually in the black. :-) Hard to find in these small stocks.

BTW congrats on the TA seminar, sounds like you were teachers pet :-)

Ken W