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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (2484)	8/9/1998 11:21:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 13094

13s TA for week of 8/9/98 (Partial) so far I have only looked at the following IFCI, DYNT, ITSY, LEAP, IATV. Will try to get to some more during the week. volume, volume, volume disclaimer: the opinions expressed by myself are merely observations. anyone wishing to invest in any of the following is advised to consult a financial planner and do their DD prior to making the investment. As always, don't believe everything you read on the internet, especially if it comes from someone who refers to itself as a color. hint, hint. Plus 4s none Plus 3s none Plus 2 IFCI Long term neutral/weak. Short term weak but oversold. Weekly rank buy weakening, any down movement at all this week will give a sell ranking. So, why do I have this as a plus 2. The long term chart is still pretty nice and, if watched close, a excellent entry area could be found. Watch for IFCI to find support at 7.50, if it fails next support at 7 then 6.50 then 6. Wait for it to base and don't be fooled by the first lift off of support. Needs to have the 5 day MA > 13 day MA before it can run anyway. DYNT Long term neutral/weak. Short term neutral getting strong. Weekly rating buy. DYNT has two magnets in the mid 2s that were never tested. This tells me that it is not a great long candidate yet but could be played short term assuming the trader was experienced and or set stops. Entry around 3.875 on strength looks good. Don't catch falling knives. ITSY Long term strong/neutral. Short term strong. Weekly buy. Watching for entry on a test of 7.25. If 7.25 fails the next step down is upper 5s. Another one where stops are a great idea. LEAP Long term neutral. Short term weak gaining strength. Weekly buy. Bounced off magnet uptrend support nicely. Optimistic target of 5.50 in next month. Support at 3.30, 3.875. Will be a bit volitile as the moving averages align themselves for a pop. 5 day MA should be above the 13. Accumulation under 3.875 looks good. IATV Long term near strong. Short term neutral. Weekly buy. Working on break of long term downtrend (Logarithmic scale)at the 2.45-2.50 area. Two entry areas: on break of long term downtrend with confirmation of two days hold, or 1.5625 area. Russel and the rest of the market still on stilts. be leery of the market motion. Don't let bear or bull traps get you on the wrong side. A/D ratio needs to be watched closely. ht david