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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (11576)1/31/1998 4:11:00 PM
From: freelyhovering  Read Replies (3) | Respond to of 79269
 
Doug--MTON--single indicator review. The 10 day RSI vs. the 13 day ema is breaking out to a 9 month high this last week. FWIW, Myron



To: Doug R who wrote (11576)2/10/1998 2:00:00 PM
From: MikeD  Respond to of 79269
 
Doug, MTON is looking better every day.

On Jan 29 you updated the TA on MTON and posted this:

"MTON has a downtrending line of resistance at 9 1/2 that comes down to 9
in about 3 weeks. An uptrending support line at 7 3/4 gets just over 8
in about 3 weeks. Long-term indicators are improving and have a little
more work to do. The short-term SMI has a possible breakout set up but
that may not pan out here. The 13, 8, 8 stochastics are at the highest
level ever now and may need a rest. If the intermediate stuff stays
strong I would expect a higher base than the current one at 9. A good
base on base formed here would be very encouraging. If that downtrend
can be taken out a move to 11 or more would be very likely."

It appears there has been good volume and a steady increase in price. So your TA appears to be right on again. Is there any more you can add for us MTON holders?

Thanks in Advance,
Mike D