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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: davep who wrote (19964)	12/15/1998 8:24:00 PM
From: HandsOn	Respond to of 120523

SHRP had a very positive in depth story on CNBC Business Center Tonight. It will definitely be in play Tomorrow. Thanks for all Your sound advice Jenna.

To: davep who wrote (19964)	12/15/1998 10:59:00 PM
From: Jenna	Respond to of 120523

NEON..http://www.marketgems.com/neon.html was a perfect breakout today.. MACD, MACD histogram breakouts on 306% higher than usual volume and also a ROC breakout ROC is Rate of Change of price. When you have a stock that is essentially in an uptrend for nearly 2 months you have to look for the breakout within the uptrend. I use 3 ROC's around the uptrend.. since all 3 ROC's are above the 0 line you can see NEON is in an uptrend, but where are the breakouts? If you plot a 14 day ROC and an 25 day ROC and a 45 day ROC (still within uptrend)together with their moving averages you can see the patterns of ROC. If I had just looked at the 14 day ROC I wouldn't have a price pattern to compare it to, so I can perhaps say the stock looks good but it is a genuine breakout? price patterns are unlike MACD's they are harder to determine, but when they are determined they use offer stronger signals. By plotting all 3 ROC's (the dashed lines are their respective moving averages) you can see at 45 days the ROC was well above it's moving average indicating very strongly trending stock (perhaps even indicating a topping, the second ROC (30 day) is well below the moving average, indicating oversold but trending up... and the one we are really interested in: the 14 day ROC is perfect, just about breaking out above it's moving average. So the potential is there for it to go even higher (like the 45 day ROC)... MACD of course confirms the breakout, as does the volume breakout, and MACD histogram breakout. *ROC displays difference between the current price and the price x time periods ago (14, 25, 45)If you look at just the 14 day ROC you get an idea but if you look at the ROC patterns of the past 45 days you can get an even better idea.