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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: RADAR ))) who wrote (4537)	1/15/1998 11:53:00 PM
From: Sal D	Read Replies (1) \| Respond to of 4701

Radar, I did a little TA for Bobble Unc after yesterdays close on ROMT Theres even some bonus narritive for Bob at no extra cost. Its just another man view. ROMT - Bollinger bands are narrowing with price in upper band (narrow bands tell you there should be some price movement soon but it doesent tell you witch way up or down, also the lomger the bands are narrow the bigger the price move should be ROMT has not had narrow bands for that long yet) Bolling bands compared with RSI action is inconclusive at this time. Candelsticks - A Doji Star occured, this often signals a reversal with confirmation ocurring on the next bar(ROMT is in a mini downtrend now) Daily MACD is bearish, weekly is bullish and overbought RSI short term is breaking down abit but other periods are OK. 14 week RSI has reached its highest value in the last 14 periods this is bullish Moving averages are very bullish. 34 day has crossed over the 50 and 100 and is just about to cross the 200. 5 Day has crossed the 21, 13 & 8. And price is above all moving averages Money Flow is OK Chaaikin AD signaled a buy a few days ago Next day or two could tell the story on this one for the short term. A close at or above 2 7/8 tommorro with some good volume probbably gets you to 3 quick. If it can make it over 3 1/8 in the near future again with some volume you could see a run to 3 7/16. Downside a close at or below 2 21/32 tommorro would be a bad sign, could drop to 2 3/8 before heading up again. Its been running real good sincr September. This is one you have to watch closly for price and volume, it has a good chance of continuing up, and is at a crossroads right now. Maybe the press release today will be the thing that keeps it rolling. This is of course one mans opionion There that only took 2 beers and 4 cigaretts . Joe P.S. Dident get that confirmation on the Doji Star today, actualy got a Big Black, bearish.