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

To: Dave H who wrote (1739)	1/20/1998 12:20:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 2377

FIBR Is ~~Hot~~ Dave: FIBR has all the signs of a classic breakout... Huge volume... Strong MoneyFlow, and positive MACD and Relative Strength... Add to these technical factors the strong product lineup and the Revolutionary Net Arm product, and estimates of a positive earnings Qtr, says this is the beginning of a big turnaround... The stock was 18.00 last year... Jim

To: Dave H who wrote (1739)	1/20/1998 12:45:00 PM
From: Doug R	Respond to of 2377

Dave, The technicals on FIBR are very similar to the period during early 1996 when it began a well played out march to its alltime high from under 5. The stochastics momentum indicator has moved very quickly above the intermediate-term bullish threshold and has plenty of room to the upside. The short-term SMI has built a very impressive and steep uptrend into strong levels and there is not yet an indication of a terribly overbought condition. The long-term SMI is just turning up from its lowest level ever and continuation from here would bring the price along nicely. A sharp turnaround in the 89 day MA/MLR, although not from an optimal configuration, allows for a short-term top of near 10 before some consolidation would need to occur. The commodity channel index is also quite strong with shorter periods making higher highs above +100 during the current move which should bring the longer periods above that threshold. The price is now above the 200 dMA which will turn up this week. All shorter MA's are in proper bullish alignment below the 200 while moving toward it rapidly. The MACD is very bullish and shows no sign of letting up. An uptrend in the long-term moneyFlow is kicking into high gear and should provide pressure to the upside. At the very least it will limit downside to very manageable proportions. Any base from here will have very little pullback. Positive vs Negative volume indexes show that buying very heavily outweighs selling the buying momentum is climbing steeply. I expect new alltime highs to be established here in the short-term. The 89 day RSI is now breaking above the critical value of 50 which will also limit downside for any base established. Short-term RSI periods are gently arcing towards overbought which could allow the current rally to continue at the current pace for at least a few days. The 89, 3, 5 stochastics are just today entering the very bullish valuation range and any strength in the short-term stochastics at any time going forward will provide upward pressure on the stock as this shows that at current prices demand far outweighs supply. FIBR should be a solid performer with upside potential well into double digits and little risk from here. Any dip (after the run its on now) should be considered an opportunity to consider buying. Doug R