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

To: freelyhovering who wrote (1526)	3/7/1998 1:30:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 29382

Hi Myron, Yes, do visit us more often. We would love to have your insights on the market and stocks. NORT I don't have in my database but will try and add. UTI has been a bit of a disappointment. It is far below its bearish resistance line and the RS is very negative and weakening. It itn't participating in this Oil Service rally, at least not yet. The daily momentum is also negative. It's last signal was a double bottom break and it is currently sitting at resistance at 14.5. A move to 15 would be the first buy signal off the bottom. I would reserve this for aggressive traders only. Stop of 12 which would be the 6th consecutive sell signal. PTEN is trading below its bearish resistance line. Its RS is negative and is weakening. It also has not really been participating in fact it just gave two sell signals coupled with lower tops. Your first buy signal would be at 14.5 and then 15.5. Daily and weekly momentums are positive. Stop of 8.5 a double bottom break and the third consecutive sell signal. I always like to alert people to stocks trading below the bearish resistance line and with weak RS's. Don't let the stocks get away from you. They may have great FA but for some reason they aren't ready to move and they can turn on you. Just keep your eyes open. I'll see if I can add NORT right away. Jan