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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (1115)	6/9/1998 2:28:00 AM
From: HeyRainier	Read Replies (1) \| Respond to of 1720

[ AMES ] Hi Chris, I used to play AMES last year; it was a nice money maker back then, and it seems to continue being a money maker now. I missed the breakout from that short term downtrend, but watched as Lzzrd King played it. He must be a happy camper. It's getting on the high end of its price range with it being beyond its upper Bollinger boundary, and the price is continuing to rise with a concurrent decline in volume. The last time I played this the price was in the same configuration. Inventories are creeping up though. It's hard to make a call to see if it's overbought. You know Dave Horne and I are currently working on a new, and hopefully more reliable indicator. It might be a good idea to keep it for as long as the trend is going your way. As for CHB....no opinion. It's a mixed bag. Regards, Rainier