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

To: Ken W who wrote (2885)	4/8/1998 10:25:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 29382

Ken It would have taken elephant tranquilizers to sooth me this afternoon. Look at PURW going forward in the short term. A mixed technical picture is being painted with some indicators looking overbought and meeting overhead resistance and others saying we have a serious BO on our hands and the only thing that could stop it is lack of volume. I see an IHS BO pattern on RSI 13 and 55, hitches/reversals (from slight downward movement) in Stochs 89, 39 and 7. 2 period stochs forming a ascending triangle (BO of this would send me on a 3 minute mile) a downtrend break on MFI 89, RSI 13 and 55 (again) and a nice hitch in CCI 8. All of this points towards two possiblities for tomorrow, continuation of uptrend on volume or base/decline on little volume. With the close today I suspect the continuation to be a stonger possibility. IMO it really does not matter what tomorrow brings because PURW is a nice long term hold. Will be putting it in my IRA on Monday. ht david