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

To: freelyhovering who wrote (1825)	3/17/1998 10:15:00 AM
From: Magnatizer	Respond to of 29382

PURW Short term now mixed. Resistance today at 10.75 area. 3 day RSI still turned up. 2 day RSI down. 7 day stochs up. 2 day stoch coming off 100 level. Keep in mind that short term stochs do not have the same rules as long term stoch refering to overbought/oversold levels. They are simply for short term horizon. One indicator which I like alot 39 day stoch just broke a IHS. This is very bullish if the break holds. We shall see today. I apologize to the thread for confirming the breakout yesterday. All the indicators I use were up turned and I was using the breakout of the triangle plus going through one level of overhead resistance as a extremely bullish move. Once again Mr. Market had other ideas. Now long term outlook. Its a keeper IMO. All long term indicators in uptrend. Since this thread is focusing on the Long Term anyway I can say without a doubt that we might if the trend continues start a strong uptrend in 3 weeks or so. <VBG> I should have been a politician. happy trades David max90 I have not forgotten about ALLIF