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To: Duke who wrote (7982)6/5/1998 12:06:00 AM
From: Galirayo  Read Replies (1) | Respond to of 9262
 
[ CAND / AMVC ] Duke,

I'm not sure what to think about AMVC except it's encountering slight resistance on the 200dma near 2.044.

CAND looks more interesting. It's finding support on the 300dma. I like the 300dma Bounce. The last one ran for a long time from 1/12 to 3/31.
I'm showing reversals or flattening on all the indicators I watch and the only one that's fired so far is the Slow Sto. All the others are in position to Trigger.

The 300dma is at 5.95417 today and I wouldn't want to see it drop very far below here. If it does drop below the 300 briefly that would be ok but it shouldn't linger below that very long or it may find the 300 as Resistance.

It's showing an 8to10 NPL candle pattern that's on day 10. A White Reversal candle tomorrow will confirm this pattern. Look for a Hammer Doji or Maribozu.

I also know there are a lot of players on SI that really like CAND.

Ray

.... Hey, Schmedley! You looking at CAND? Where are you?