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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: pebbea who wrote (3361)	1/7/1999 5:28:00 AM
From: pebbea	Read Replies (1) \| Respond to of 56535

MMCN (S) MACD: After reading the tutorial at clearstation.com and applying what I've learned to MMCN, I still do not see a strong buy signal. Starting at the top, the green and red bars are about equal for the length of the chart. Although the MACD indicates a nice crossover, the zero line is still in the middle of the graph which indicates weakness. If you look at NSO, the zero line is at the bottom of the MACD graph with a sign that it is trending higher. The closely spaced green circles at the right end of the chart may indicate volatility. I would still wait on entering MMCN for a clear buy signal. The volume spike is still a mystery.