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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (3647)	6/25/1998 10:59:00 AM
From: Siber	Read Replies (1) \| Respond to of 11684

From a technical standpoint, and may I remind everybody that technicals do change everyday. As of close yesterday, June 24, 1998 Moving Average 2 line indicator The market is bearish because the fast moving average is below the slow moving average. The market is extremely bearish. Everything in this indicator is pointing to lower prices: the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average. The bollinger Bands are indicating an oversold condition. RSI is in neutral territory (RSI is at 46.43) However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence here before getting too bullish. The Fast Stochastic is in oversold territory (SlowK is at 6.66; this indicates a possible market rise is coming. The long term trend is UP. The short term trend is down. SlowK is showing the market is oversold. Look for a bottom soon. Slow Stochastic.....same as fast stochastic Volume: The long term market trend, based on a 45 bar moving average, is UP. The short term market trend, based on a 5 bar moving average, is DOWN. Volume is trending higher, allowing for a pick up in volatility. Posted as a learning tool for all those interested in Technical Analysis, rather than hype. This post is not designed to provide any investment or other professional advice. Just my reading of the charts (tea leaves) for the uninformed.