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Microcap & Penny Stocks : Cade Industries -- Ignore unavailable to you. Want to Upgrade?


To: Patric who wrote (3253)9/26/1998 2:48:00 PM
From: MechanicalMethod  Read Replies (1) | Respond to of 3563
 
Patric,

A 13 day expansion bar occurred Wed 9/23/98. The largest range in the previous 13, especially noteworthy it pierced the 200dma. Both Thurs. and Fri. were inside days measured against Wed's range and expansion bars are important measuring bars.

I agree we need to rest, but buying at the top of Wed.'s range indicates otherwise. Friday our second inside day closed at 2.93. just .03 below the expansion bar high. Fri's range was even tighter making it the narrowest range in 3. Volume is huge above 2.84 within 1/8 of our measuring bars high.

We have a close on the 200dma Thurs., and 1 close above it Fri. The rule of 2 says 2 closes beyond resistance reverses it's polarity to support. We've 1 good close so far.

A break above Wed.'s high of 2.96, our measuring bar, is a big buy signal. Confirmation is another close above the 200dma. MONDAY IS THE DAY to support Cade by buying the close and insure we draw the attention of all who watch signals I consider valid and some of the most important that exist.

Continue to rally Monday and Cade will pop up on scans everywhere meeting scanner's conditions. It will be added to watch lists posted all over the net, with notices that if it even flinches on volume it should be gobbled up. Should be synchy from there.

osci