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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: absol who wrote (7701)	4/21/1998 3:36:00 PM
From: Chris	Read Replies (1) \| Respond to of 42787

hi Anantha (nice name), welcome to the thread. glad to hear from you.. IMRS -- let's see. i got a CSS scan hit on 11/21/97 when it was at 20.. now it's at 40. im very close to a weekly sell (perhaps that's why no price movement) however you know that great earnings can override my technicals. if you swtich your chart to daily view, you can see IMRS is very easy stock to keep track.. plot the 9 and 21 day emas and you can see that it uses them quite often.. it follows the 9 day ema on the rallies.. on big pullbacks (not big at all actually), it uses the 21 day ema as support, and boom, off it rockets again. currently, it's testing the 9 day ema and it's up 1/4 right now.. i think the earnings report will be an important factor on whether imrs will finally pullback bigtime (due to the weekly sell that is coming up soon) or rally again.. hope it helps. continue to ask questions or share your thoughts..