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Technology Stocks : YURI ( YURI SYSTEM ) -- Ignore unavailable to you. Want to Upgrade?

To: Teknvstr who wrote (545)	2/13/1998 11:51:00 AM
From: Ms. X	Respond to of 1181

Tek, Honestly, I use the momentums as confirmation of moves on the trend and relative strength. You may have noticed some being hesitant about entering Ascend when it was obviously gaining strength. Since it had been performing so poorly it was important that all indicators showed positive to assure success in this stock. Momentums confirm positive movement and daily usually indicates further positive movement in the stock. You are right that the daily momentum may be short term but if it turns negative on you it does warrant attention. Maybe not exiting the stock but making sure your plan is in place in case it does go against you. P&F provides a lot of early warning signals which is why it is so comforting to trade with it. Ascend broke through its bearish resistance yesterday. This is a very positive move. Now with the RS positive, new bullish line, higher bottoms, momentums positive, I would look for pullbacks to enter the stock. Stop of 27 double bottom break and violation of the bullish support line. All the best, Jan