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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: steve in socal who wrote (4861)	6/10/1998 11:59:00 PM
From: Bruce A. Bowman	Read Replies (2) \| Respond to of 18929

Well, Steve, I'm not quite sure what to say. The last time this came up the stock took off and I watched it pull out of the station without me! :-) Yeah, it sure looks cyclical, but the beta is pretty low at .6, so the eye can fool you a little. That means that if the pattern continues you'd have to use a pretty tight range to get trades (Buy Resistance + Sell Resistance + 2*Minimum_Trade_Size < 7 if the present trading range continues). How confident are you about history repeating? That's happened for those you've mentioned before. I'm not good at picking bottoms, but it looks like it's near a support level. Most indicators say it'll probably keep going down for awhile. Of course, price will do whatever it wants, not what a bunch of indicators say. The most disturbing thing is that the indicators that attempt to measure buying contradict one another: 1/2 say there's selling going on, 1/2 say buying & selling are about even. The price indicators say it's headed for sub-zero, and a really weird indicator I have says it might reverse at 15.500 - 16.000 (it expected that to happen a few days ago). So lacking any clear message with TA I made the mistake of looking at the Yahoo!/Market Profile of fundamentals and now I'm really confused (which is normal). So I guess I don't have a very good answer except that there's a chance you'll see a reversal in price soon and that if you really want to get on board BDT, it might be time to start accumulating your position. You've sure had a knack for calling the bottom in the past, but who knows?! Bruce