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To: Jimily who wrote (24936)1/20/1998 6:00:00 PM
From: gammaray  Read Replies (1) | Respond to of 30240
 
hi Jim, I do try to get underneath the market. But the moneyflow on Bigcharts wasn't what I originally thought. That indicator was kind of a graph on candle charting ie open/close. Also, one must be careful not to follow a trend too closely in a choppy market. I just went offline to review omega supercharts with today's numbers.

My rating would be a very spec short term buy. The general pos is that some indicators are firming while the general neg is that they are not really confirmed. It may be just a little short term overbought before a move up.

I really like elder ray as I have written before. This indicator unlike all others shows a huge positive divergence based against the collapsed indicator of last sept 29 and the following day. This indicator has been trending up for quite a while. Also note that today's price range is completely above 13 day ma.

The other primary indicators are 6 of 1 and half dozen of the other. The biggie is that a trend may be developing and most indicators are moving in the right directon. too early to tell if this is a false start. As I said, momentum is a little toppy.

Neil