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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: Magnatizer who wrote (1195)5/4/1998 7:28:00 PM
From: Tom Allinder  Respond to of 13094
 
I thought TOTL a little overbought too. Was looking for a pullback to add and haven't seen it yet, wants to hold between 3 and 3 1/2. I think I was looking for 2 3/4 or so to add last week.
It DOES help if the company does make money. Not to completely discount fundamentals.... Both TOTL and BJCT have POSITIVE EPS figures. It doesn't mean much at this point; EPS figures don't support price as it is, but like a lot of stocks these days, PEs and other fundamentals don't mean anything. BJCT has lots of rumors and appears to have some ownership among management. Who knows for sure? I don't believe anything except the "chart".

Tom



To: Magnatizer who wrote (1195)5/4/1998 11:19:00 PM
From: Magnatizer  Respond to of 13094
 
Thread

continuation of 13 TA read for week of 5/4/98

I have not TA'd SIII, IHCC, CCLNF, CML, or SCOC yet. Out of time

volume, volume, volume

disclaimer: not intended as investment advise. please consult a financial planner before making any investment decision. Do your DD and have a nice day

Plus 4s
none

plus 3s

HNV Long term very strong. Great base built. Short term meeting Short term up trend as support. Many IHS forming on short term indicators. Just needs a good dose of Volume

KRAN plus 3 as a trader, just needs volume. good one to two day trader. Plus 2 as a long as it needs to build strength in long term indicators

Plus 2s

CHKR Long term watch list. I put it at a minimum of two weeks before strong enough to be a contender

IMRI Was a plus 3 for Monday but since it is a bit late for that it is now a plus 2. Looks a bit toppy but it is wound tight and could explode to the upside after a short basing period. Watching for it to touch its IHS neckline

GCR Possible blow off top coming with a high in the 11.75 area. Quick traders only should enter now. good long candidate after it settles down and sets up a base to work from.

INDGF Long term watch list candidate

ULB watching for late week action. good for both traders and longs. 3 month target 5.50

DCTI Long term watch list. MIM forming

PLAY MIMBO. good for long term play. MIMBOs have a tendancy to return to their all time highs within one year. Looks like a retest of an IHS neckline in the 5.30 area before resuming uptrend.

ht
david