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To: dmccoach who wrote (26081)7/20/1998 10:21:00 PM
From: marc chatman  Respond to of 95453
 
Dan, FGII has been showing a textbook MACD-price divergence, I agree. Tomorrow could be key, though. If FGII falls to below 23 (i.e., a lower low for the price), it is likely the MACD will make a lower low as well -- no more divergence. Hopefully the 23 will hold.

I believe RON blew its divergence (along with its support) with today's performance.

You have a great entry into FGII, regardless. Hold it, be happy about it, and forget about it for awhile.