SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : 100% + Gain, in 72 Hours or Less -- Ignore unavailable to you. Want to Upgrade?


To: Galirayo who wrote (439)1/5/1998 8:23:00 PM
From: Instock  Read Replies (1) | Respond to of 1488
 
Ray: When you mentioned the 200 dma the other day in regards to DRMD, I looked at the chart and saw that the LOW for Friday was just touching the 200. Now the 200 is slicing though the middle of DRMD and the close is right on the 155 dma.
The way my chart see's it, DRMD closed below the 200 and is resting on the 155.
Remember me saying that I did not feel a one day break though of the 200 dma after a large run up in price makes the 200dma a valid support? That is why I said that, because my chart shows Friday going though it and NOT Wednesday.
Are you using expadential, Simple, or weighted moving average? That could sway the numbers a bit.
I have seen where differant programs disagree with each other and this could be the case here. For instance, TC 2000 seems to give a bit differant results then Quote Plus.

Are you saying that DRMD will hold support at the 200 dma? ( The 200 that you are seeing at 5.29 )

I think there is a very strong chance that DRMD will see 4 something Tuesday.

Were else, lower, do you see support? $4.90? $ 4.30?

Thanks

Instock