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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (1161)1/3/1998 4:58:00 PM
From: Al Greenleaf  Read Replies (2) | Respond to of 2377
 
Sergio - Just found a couple that should meet your criteria. Scan based on an abrupt turn up in OBV. FWIW, you may like CMEL, GGNS, IFMX, MATK, MCHM, MTST, and YILD. Some of these are pretty early in the game, but those with increased volume in the last few days should be excellent candidates. Especially GGNS, IFMX, and MATK.

Good trading Serg!

-Al



To: Sergio H who wrote (1161)1/3/1998 7:02:00 PM
From: Redhead  Read Replies (3) | Respond to of 2377
 
Swat team,

<<<Off topic>>>

Can anyone on this thread help me with a stock? I am trying to find info on TACX, A Consult Team. The only place I can find info is in yahoo, and Zacks. I don't think it is a BB stock, so I must be looking in the wrong places. I have been looking for info on this stock for 3 weeks and was ready to give up when last night, on CNN, I heard a micro cap mutual fund manager say it was on his list for this year. So, I became interested again. I would appreciate any advise on technicals or sites where I can research myself. I also tried to see if there was a thread on SI, but no luck. There seems to be a lot of knowledgable people here, so please help!!!!! I will say thanks ahead of time and when someone has the time I would appreciate advise.

Keep smiling
Redhead



To: Sergio H who wrote (1161)1/3/1998 10:27:00 PM
From: Christopher  Read Replies (1) | Respond to of 2377
 
Sergio, SRSL could be entangled in H & S (heads and shoulders)
From 9-9 to 10-27 there is a possibility of three left shoulders and
also possibly three heads as you look at the chart. You can look
at this many ways and see only one head and left shoulder if you
want. The right shoulders start from 12/1 to 1/2.I beleive the second
right shoulder is under construction right now with the top being created and soon the right side of this shoulder. A previous H & S was created from 3/3 to 7/9. MACD indicator has a lower top and is going down indicating that bulls are losing power to bears. The
89,3,5 stochastic just turn direction and is heading down now. Many
momentum indicators supported the idea that a right shoulder could be
under contruction right now. This is not a good time to buy this
stock in my opinion. You will be taking a chance. TA is about
risk/reward. Why risk it and possibly walk into a H & S pattern.
Volume has also been receding. TA is questionable at this time in
my opinion unless Doug R. sees something that I don't see right here.

ATPX data are only significant starting with last November. Before
that it was a straight horizontal line that would do nothing for
TA. It has developped a reverse H & S pattern. Most momentum indicator have not given a buy signal yet. MACD has formed two double
bottoms with the second bottom really lower indicating that
bears have lost power and bulls are ready to take over and push
the stock price up. Short term stochastic is at 50 and heading up.
Stochastic 89,3,5 is at 72 and just curving upward again. Long term
stochastic started going down from 78 reading and is starting to
to curve up very little and could go back up which would be a very
good sign or change and go back down but I don't think it will.
I would not buy this stock before the stock price penetrates the
neck line and that would be when the stock is little over $14.00.
Heavy volume is a requirement for a reverse H & S to succeed.
In conclusion, the MACD and stochastic support the price will be
going up but the price must penetrate the neck before a buy signal
is confirmed. The price must confirm TA in my opinion. I would watch the stock early next week to se how it is doing. I don't know if it will surge up because of the buy recommendation(depends how recent it is and wheither the stock price already reflects it).

This is my two cents on these stocks. Anyone is welcome to
comments on my TA. Doug R. if you see something wrong in here or
would like to add please feel free to do so. I value your opinion
as much as any one else on this thread and can learn from what you
have to say. I know I have learned from what you all guys have
had to say on your threads and that won't come to an end any time
soon.