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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (4320)	12/24/1997 12:37:00 AM
From: Chris	Respond to of 42787

Hi Texasdude, welcome to the thread.. thxs for the general summary of PM.. let's me have an idea what it does.. ta view: looks like the 50 day ema is acting as resistance for PM right now. today, it closed right below the 50 day ema... so, it should be interesting to watch in the next few days. for a buy approach: i would only buy after it has crossed above that 50 day ema.. trend is good. for easy comparison, we might be looking at a similar trading pattern around april 1997. im not saying that it will go up like it did.. but i am saying that if it does break up like that, then it might base a little and continue to rally.. just know that i would not buy right now until it crosses above 50 day ema. Once you're in , i would use the 21 day ema as your exit signal. here is a great charting site to help you plot these moving averages dbc.com hope it helps. chris