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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?

To: George J. Tromp who wrote (981)	6/27/1998 8:43:00 PM
From: bill	Read Replies (3) \| Respond to of 2251

Thanks, George. Reassuring to hear your take on the volume. This next question is not particularly to George but is to anyone on the thread. If I've got it right and I may not as I'm struggling to learn TA, WSP's price and the upper Bolinger band rose on the same line from just above 1 1/4 to the peak which was just above 1 5/8. . One rule I read is that a move that starts at one band is inclined to move all the way to the other band. Does that mean that the down trend that started at 1 5/8 right on the band is likely to go to the downside band? That would be hair raising. The downside band now sits at about 20 cents.According to this WSP is a fanatasic short candidate. At the moment, the MACD separation is quite large whichI assume is bullish and the OBV has moved into positive territory and a far higher rate than the price spike. If you believe in OBV and that the smart money is getting into the action before the price really moves, then the OBV is really bullish. Could some TA guru take a look and see if I've got this right as far as interpretation goes. I'm not asking for anyone on the thread to accept any of this. I know lots of people don't beleive in TA, esepcially for penny stocks. I just want a chance to practice. Thanks to anyone willing to reply in TA terms.