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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (7788)	1/15/1998 8:51:00 AM
From: Jurgen	Read Replies (1) \| Respond to of 12039

Richard, how many open positions do you have at a time ? What would you recommend ? 5speed

To: Richard Estes who wrote (7788)	1/15/1998 9:04:00 AM
From: David Russell Coburn II	Read Replies (1) \| Respond to of 12039

Prediction, Might get a couple of more points but I don't think it has got to its' bottom yet. Personally I would wait for it to break its downtrend line drawn across the tops. When it pulled back from the breakout, if it continued on up I might get in. Notes:I only find data back to early May 97. If it was an IPO then I don't think horizontal trend lines mean alot. Also looks like earnings are due very soon. Close looked ok on 1 minute chart. 5 minute/5 day chart shows you are gonna hit resistance around 45. David

To: Richard Estes who wrote (7788)	1/15/1998 12:35:00 PM
From: Tom Gibbs	Read Replies (1) \| Respond to of 12039

I know that you don't put much faith in divergences, but I see the MACD 12-27-9 with some uptrend against the falling price; but it would be too early for me. Tom

To: Richard Estes who wrote (7788)	1/15/1998 2:11:00 PM
From: Harold	Read Replies (2) \| Respond to of 12039

Richard and All: Right now I am tracking FTSP because I want to average down so that I may be able to use my money some place else. This morning it did the following BID 6000 ASK 1000 then it changed to BID 5000 ASK 1000 the volume did not change but the BID went to 3 Could you please tell me how I am to read this? I have come to the conclusion that it is a bullish sign but I don't know if I am right. I sure would appreciate all of you people explanation.As I have to make a very important decision. Harold

To: Richard Estes who wrote (7788)	1/17/1998 10:39:00 AM
From: F Robert Simms	Read Replies (1) \| Respond to of 12039

Richard, EVI is an interesting stock chart wise. The price/volume pattern is the same as it was last March. At first glance one would think that it would do the same thing. I think that there is a big difference though. The stock is below it's 200 EMA now but in March it was above it. So, I predict that near 48 it will bounce back from the 200 EMA and upper trend channel and retrace. I think it will go near 48 and could be played for that. I would be extra quick to bail out. But as you say "Who knows?" I less than many. Best Wishes, Bob