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Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (2627)	5/28/1998 7:36:00 PM
From: Chris Holdsworth	Read Replies (2) \| Respond to of 4783

Technical Analysis doesn't always work but its a good indicator of a stocks behavior. I personally feel that the price is deceiving right now. Even though the price is slipping a little bit, its not trading on large volume. Here is my novice-like opinion on a few indicators. RSI- the RSI, even with the price slipping is holding fast above 50. The RSI over the past 4 weeks has been higher than at any point during the past 12 months. I interpret this as the MM's working the price down even though there is very little selling pressure. Volume Accumulation and Money Flow- are almost identical. Two Large spikes indicating accumulation and buying pressure. There has not been any significant selling pressure to drive this stock back down. Again, I interpret this as MM's working the price down. People have complained how the stock has risen up sharply to meet a buy order, but the next trade dropped it way down. Can anyone say "Manipulation"? I'm still learning Technical Analysis and how to use it... Does anyone else have any input... The price may have dipped... But I don't feel its gone down due to mass selling... This just reaffirms my belief in holding long... Later... SHO P.S. Top Dog... You guys are doing a great job, you'll get no flames from me...