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Microcap & Penny Stocks : FutureTrak International, symbol FTRK -- Ignore unavailable to you. Want to Upgrade?


To: Mr.Manners who wrote (356)1/26/1999 11:23:00 PM
From: scouser  Read Replies (1) | Respond to of 663
 
Kasha I am no expert by any means but from what I have read...

the red crossing over the blue signals a downtrend stopping and/or an uptrend is imminent (hence the reference I made to Nov.)
Unfortunately the lines crossed below the middle so the upward trend size ( if any) cannot be determined.
Regards
JOhn




To: Mr.Manners who wrote (356)1/26/1999 11:37:00 PM
From: DablocTrader  Read Replies (2) | Respond to of 663
 
Kasha, I don't know if he's still here to give you an answer, but understanding technical charting is a studied art form that one should learn. However, I can tell you that the chart says, 'if I were you I'd buy here"! :) YES! Really. All those technical indicaters are at or nearing the "crossovers" to go up. The MACD, which was trending down, indicates a reversal and the momentum should begin a steep rise. The Stockastics have reached the oversold extreme and show the beginning of the upward crossover. The Chart figures show a distinct bottoming and reversal, a deep 'v' shape (candlestick chart reveals that even better visually). Candlesticks show as a bottoming
"hammer" after the downtrend followed by a "body reversal"
(white up candle) trend reversal. However, a "trending" white body candle (larger body than the sum of the upper and lower shadows) need to follow to CONFIRM the trend change. Got that?

Like I said, BUY! FTRK is going back up!

dbl