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


To: JoeinIowa who wrote (2539)8/15/1998 7:31:00 PM
From: Magnatizer  Respond to of 13094
 
SHX magnet read

Magnets and related: 16.6875, 17.953, 18.20 uptrend, 18.30 uptrend, 19.219, 19.80 uptrend, 20.484, 21.425 uptrend, 21.75...

Long term very strong. short term strong but just turned overbought. Weekly buy.

Couple of things to watch for:

Monday-continued huge volume is necessary to keep it running. I would play a bit more cautiously and wait for the gap to fill at a minimum.

Next 9 weeks-Entry around the 50 day MA looks like the low risk play. Also the CCI 13 has had three IHS breakouts over the past 4 months. Dates for those breakouts are 4/22/98, 6/22/98 and 8/12/98. Dates of the big gap ups over the past 4 months are 4/23/98, 6/24/98 and 8/14/98. Needless to say if anyone notices a IHS on the CCI 13 in about 8 weeks be sure to tell me, please.

ht
david