To: TokyoMex who wrote (1476 ) 2/27/1998 4:50:00 AM From: Lawrence Burg Read Replies (3) | Respond to of 14347
well, I'll give TA a shot... Chaikin O sliding down and may be getting ready for a rebound. CCI(8) also bouncing around the bottom (-100), a dip below might theoretically be followed by a rebound, but so far not a good historical fit here for CCI under current parameters. I'll try to jimmy the inputs to improve the fit. MACD(9) trigger has crossed down, but is pretty flat overall; unremarkable. RSI(14) leveled out around 50, previous drop below 30 was @ $.78(26 Feb) and was followed (1 week) by run to $1.50. Money Flow is high @ 70. Should drop before a good run. Stochastic (14,3,3,exp), %K crossed down and is trending the same way. Watch for a bottom & rebound. Combined Stochastic RSI heading down. Possible convergence @ bottom in coming weeks. Williams AD flat to down; unremarkable. Looking at the 6mo. chart from a neophytes chair and rudely applying what's soaked in about Elliott Waves may hint at 2 things. First, that the recent (>6 Feb) softness is the last wave of a 6 month pattern heading down from mid-Oct highs above $2. Second, we're in the last (down)wave of this smaller pattern started @ the 6 Feb high over $1.50. I'd say a little more price softness at worst. If indicators start turning, I will increase my nibbling. Would give any technical change no more than 2-3 weeks to happen. This kinda falls in line with the gentleman's bet on TX-RNTK. Love the tech. Love the commentary/participants. Love the sources, price, yadda, yadda, yadda...& my caveat stays for a while...I'm new on TA. Check my profile. And add this to your judgement accordingly. Convienient you're last to post 'fore me. Never responded to you directly. You've impressed me w/your picks. Have you sold your soul for the Midas touch or are you just that sharp? :-)I was gonna ask you about the e-mail you mentioned earlier. What (who) gives? May I gets? Anyone else here do TA?