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To: callme who wrote (4528)2/16/1999 5:56:00 PM
From: Trader 401  Read Replies (1) | Respond to of 6545
 
I've heard that there is major news coming out on IGNIF later this week – stay tuned...



To: callme who wrote (4528)2/16/1999 10:50:00 PM
From: scouser  Read Replies (1) | Respond to of 6545
 
By popular demand...........

Caveat
My T/A stuff is limited but I have had some success in predicting upswings. I always give reference when doing a T/A , it gives some credence rather than shouting WINR GOES TO $3.25 ( which I think it will in week or two :)

Here we go.
You may want to start a second browser session and go to
clearstation.com
reduce both sessions and put them side by side.

Price graph. the 50 day EMA is still above the 13 day EMA. This shows the trend is still up, even though we went down recently, the order of the lines showed us the stock would rebound (which it did)

Volume , very small volume raising the price, this was discussed in a previous post to possible manipulation.
MACD. The fast MACD has turned up and will cross over the slow signal soon. This is the most important signal. When the red crosses above the blue it signals price rising from that point.Note the 0.0 line is pushed low and all the action is above the line. This is excellent.Reference stocks like IBM ,AOL etc for this characteristic.
MACD Histogram reversing back to the 0.0 line, confirming the MACD trying to meet (and hopefully cross). The 0.0 line is just above centre, good, but a centre 0.0 is perfect.
Last but not least Stochastic. This indicates the very short term direction of the price :)
Rather than give you a prediction I will reference a point on the chart that I think is similar to now and let you draw your own conclusion,after which it will be very interesting to hear from everyone , which in turn will get the exitement going here, rather than expecting just news to help out.
My date would be at the end of 1st week in jan, just before the last green bar was started.
Now lets see lots of response and get everyone talking.
Regards
John.