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To: debra vogt who wrote (14792)3/13/1998 10:06:00 PM
From: davep  Read Replies (4) | Respond to of 95453
 
marc,st(short term) fgii is a sell it broke key support at around 29.Maybe go long at 24 for the bounce.The ominous thing i noticed in the last few weeks on fgii was shrinking vol and large spreads things that are danger signals for momentum stocks indicating that they are losing the momentum interest and will act dead or tank-i mentioned this fact in my post#14340 on 3/9 when fgii was at 30.Be very careful when playing former hi flying mo stocks Ive seen it before and it can be real ugly.I think you can play a lot better,safer osx stocks.Better to stay safe trading tried and true ranges with stocks like mdco,glm.FGII may present tempting opportunities but patience and prudence will give bigger gains.RonG stochastics,bbands mean didley when a stock breaks support or resistance,technically s+r are "head and shoulders" above all other indicators.This is because they are the easiest to see and cannot be manipulated unlike stochs,bbands where 20 people will use 20 different numbers for their input numbers.With s+r nobody can manipulate the last 10,50 or 200 close prices.Stochs is good for st channels/ranges but useless on breakdowns or breakouts of s+r.Also everybody looks at s+r first before anything else-that is if they even bother looking at anything else-when deciding their entrance/exit points.