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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (9717)	10/21/1998 6:03:00 PM
From: Sergio H	Respond to of 29382

Max, sorry but I can't participate in tonight's Mystery Chart. Have to go and buy my son his third pair of sneakers since Sept. Sergio

To: LTK007 who wrote (9717)	10/21/1998 7:44:00 PM
From: Ken W	Read Replies (3) \| Respond to of 29382

Max, If I may take a stab at the mystery chart... DMIC was indeed the winner today of the small priced stock move and looks like it may go higher on the momentum, short term. On the 12th the price moved to 3 1/2 only to move back down shortly. That level was taken out today on heavy volume, with no news etc. to drive the price. Having moved so much in one day 3.50 should become a weak support area. There appears to be nothing holding the stock back to the mid 6 area, however, the longer chart has not moved above its dMA which is in the same mid 6 area, so I would expect that to be the resistance spot. DMIC will need to come back down to fill the small gaps left by today's move between 3 3/4 and 4 1/2, but not break below 3 1/2, then should be clear to go into the mid 6 spot. Clear? ;-) I'm sure others that have more expertise than I can help also. How about the FA? Anything in the wings to support the move? Ken