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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (22130)10/17/1998 4:16:00 PM
From: freelyhovering  Read Replies (3) | Respond to of 79269
 
Doug--ABTE--TSV and MoneyStream are giving buy signals. BOP is lagging as it can sometimes. MoneyStream and TSV are better predictors of movement generally. Myron



To: Doug R who wrote (22130)10/18/1998 4:38:00 AM
From: MechanicalMethod  Read Replies (1) | Respond to of 79269
 
Doug,

Nice expansion on ABTE. Last 3days show a buy at open would of worked well, except Fri where it momentarily dropped 1/4. There's evidence of accumulation, including a 30k buy at the High a minute before 4 Fri.

It's held up nicely for 20days with volume well below the 50d vol avg. Friday's volume was the first in a long while. If volume trends up here price is over 6.50 in a heartbeat. Could be heading to 10.62? I like it.

Just saw your note about the likely gap, I hate it when that happens. I wouldn't look for the dip to go below 4.75. If it only gaps to 5 that would match Fri's Open to Low differential of 1/4. It should rocket from there, likely doubling the size of Fridays bar.

Osci