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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?


To: Seth L. who wrote (24727)1/9/1998 2:12:00 PM
From: Jack Sman  Read Replies (1) | Respond to of 41046
 
Seth ~ I'm a TA specialist but I don't know anything about Technical Analysis stuff. ggg I've yet to get Metastock up and running again on my new computer. ~ Jack



To: Seth L. who wrote (24727)1/9/1998 2:14:00 PM
From: topwright  Read Replies (1) | Respond to of 41046
 
SETH, damn bees and skeeters all in the same day.gggggg

I like to see at least a million or so shares trade or about 50% of the last run-ups volume in total as a base. I'm sure there are more precise rules, but this usually works for me.

What has been very interesting about today's activity is the lack of volume to the downside, which tells me that the base rests at higher levels.

RB



To: Seth L. who wrote (24727)1/9/1998 2:14:00 PM
From: Larrie Woods  Read Replies (1) | Respond to of 41046
 
Sorry Seth, Have you seen the new moon? LOL,

Larrie



To: Seth L. who wrote (24727)1/9/1998 2:38:00 PM
From: Larrie Woods  Read Replies (1) | Respond to of 41046
 
Seth, According to William O'Neil "The flat base moves straight side-ways in a fairly tight price range for at least six or seven weeks and does not correct more than 10% to 15%".

Think part of the problem in answering your question is the defination of a base. Different strokes for different folks for certain.

Larrie

PS: Sorry about the complex.



To: Seth L. who wrote (24727)1/9/1998 3:10:00 PM
From: Stephen B. Temple  Read Replies (1) | Respond to of 41046
 
Seth: Maybe you don't mean to, but you do make a few laugh here. ggg EOM