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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (343)	2/1/1998 10:52:00 PM
From: Sal D	Respond to of 29382

Sergio, I will not pretend to understand the Korean situation and what I dont understand I stay away from, I guess Im one of the ones who think Gold is at a bottom. As far as ESV gos it did bounce of 23 11/16 twice now that seems to be your support at the present time, it is still in a downtrend but is close to breaking out of it, volume has been above average as of late, ther was a engulfing bearish line (if this engulfing bearish pattern occurs during a downtrend it may be the last engulfing bottom which indicates a bullish reversal. The test is if the next candle closes above the bottom of the current black candles real body). r-squared is indicating weekness of the long term trend, the current linear regression slope indicates weekness or a slowdown of the downtrend, there is greater than normal volitility at the present time (weekly data of these same indicators sugest strength in the downtrend),daily moving averages are very bearish, weekly moving averages are above the 200 and 90 week but below the 30 week thats still on the bullish side, weekly stochastic signaled a buy on Friday against the direction of the major trend. The next couple of days should be interesting for this stock if it can break its current downtrend (which could happen real soon since there are some indications of a turnaround even though its overall TA is still bearish)This compined with the insider buying and the recent news make an interesting situation. Ill be watching. Joe

To: Sergio H who wrote (343)	2/1/1998 11:34:00 PM
From: Sal D	Respond to of 29382

Sergio come to think of it I have an Oil list thought Id take another look at it, on first glance in Oil drilling Im liking RIG and in Oil services Im goimg to look into HAL. Ill let you know what I come up with. Joe

To: Sergio H who wrote (343)	2/1/1998 11:48:00 PM
From: Sandra	Respond to of 29382

Sergio, Hmmm ESV looks really good too! Too many stocks, not enough dinero! Wanted to comment that this thread is one of my favorites, we can all just talk are talk, without getting trashed about it! Buenos Noches' Sandra

To: Sergio H who wrote (343)	2/2/1998 8:15:00 PM
From: Sal D	Read Replies (2) \| Respond to of 29382

Sergio, RIG and HAL shape up TA wise like ESV still bearish but all ready to test the downtrend its almost like whos going to breakout first, will be watching all. I would report on my FA attempt on these but it would probably be suspect anyway from what I can tell things are seeting up for a turnaround. PCTH held up most of the day and took a hit late to bring it down,obviously you dident get that candlestick confirmation actually a big black, you seem to be confident with the fundamentals on this one so good luck. VVID inching up. Joe