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

To: Amigo Mike who wrote (2048)	3/22/1998 9:49:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 29382

Mike RE: ROIX TA Although it is still early to say that ROIX is very solid technically. It does look very strong in the near term. I would expect a point or more to be added this week. ROIX appears to be forming a MIMBO. It has the MIM and is sitting right on overhead resistance to create a BO. A strong Monday should accomplish the feat. Once it does create a BO it will still need to pass through rigorous tests of indicators to qualify as a true MIMBO. If it does you can expect the stock to return to its old high and maybe even more. Right now the long term indicators are still showing signs of a slow rise. Once they strengthen the rise will hasten. IMO long term investors could enter now. short term traders could play the stock this week for a point or more. For the long term investor who likes optimal entry this is not the time as the long term indicators need a little more strength in them (approx. one to two months) Also for the low risk individual it would be wise to wait for the strength to occur. If it were not for RECY I would more than likely play ROIX this week. RECY IS VERY CLOSE. Those interested should get on board. happy trades david