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

To: BigLouie who wrote (9491)	12/20/1997 4:07:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79382

Mario, I'll check it out this weekend. A nice TA signal was given for AMVC. The 13 day RSI nudged below 20 and the price is BELOW the 13 day Bollinger Bands. This is a great place to avg. down even if all you want to do is break even with as much a loss on the first trade as there was a gain on the second. I expect better returns than that if volume expands nicely when it moves up. Doug R

To: BigLouie who wrote (9491)	12/20/1997 2:31:00 PM
From: Doug R	Respond to of 79382

Mario, The MIM for COVR started on 1/28. The break out was on 2/18. Volume confirmation began during the 3rd week of July. It suffered the same kind of Nov. that many MIMBO's did. The value of the intermediate-term SMI is just now bouncing up from the bullish threshold line. MACD is crossed up and improving and just under the threshold. The 34 day RSI is just coming up off the critical value of 50. 89,3,5 and 13,8,8 stochastics look very good. Both have recent crossovers and are beginning to move up. The 89,3,5 is moving away from 60 and the 13,8,8 is approaching 60. A quick closing of the gap and return to upside movement would signal an opportune entry point. The stock exhibited a quasi-stairstep pattern after the BO was confirmed with volume and the transition was on good volume. It is likely that the gap at 3 1/2 will get closed so expect the bid to reach at least that far down. With 3 month or less upside in the 5 to 6 range, it looks like a good deal of profit potential is left in it. Doug R