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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Charger who wrote (2059)	10/22/1998 7:31:00 PM
From: Michael Turner	Read Replies (1) \| Respond to of 39683

Hello Charger, Try looking at the 120 day chart with the Bollinger Band set at 1.5 standard deviations. It paints a clear channel line that you might be able to capitalize on both intraday and short term. Have fun, Michael Turner Author DayTrading into the Millennium tradersresource.com

To: Charger who wrote (2059)	10/22/1998 9:18:00 PM
From: Ken Adams	Read Replies (2) \| Respond to of 39683

Charger, All this has probably added to your confusion. That's too bad, but no one has led you astray on purpose. TC's comment: MER is just now touching its 200MA, which ought to act as resistance. the other line is the 40MA. He had his MAs reversed. MER is actually touching its 40MA. The 40MA is the more volatile average on the chart. The 200 day is smoother and well above the current price. What he said though, was correct. The 40MA should act as resistance now and we would expect to see price fall away from it. Watch Stoch for confirmations of these calls. Sounds like you need to do some TA homework. Mucho available on the net. Takes a while to come up to speed. Good luck! Ken