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Technology Stocks : Advanced Fibre (AFCI) ** IPO -- Ignore unavailable to you. Want to Upgrade?


To: Nick Papa who wrote (1803)2/20/1999 3:07:00 AM
From: P314159d  Read Replies (2) | Respond to of 3299
 
>>First, I'm no TA expert, so what you read is just one (of many) interpretations.

No TA expert ever admits he is an expert. And I have read this thread for some time now and seen excellent advice from yourself and others. As I use TA, I was trying to see what led you to the holding 8 scenario, which I had hoped might include a simulation or two that I cannot do.. Each indicator you had mentioned is exactly what i look at using IQC or MKTW online. I like the beaten down cheap telecoms and want to enter AFC big but have been waiting this correction out.

Now I said that I couldn't see 9 holding and here today was an impressive albeit small reversal from the high 8's. But I would like to see a white body candlestick above yesterday's close on Monday for some confirmation.

Another thing, I use BBs often for short and long term stuff. Lately I have been going to the LT graphs for undervalued stocks and viewing the BB set to 50 against the 200 ema and the OBV.
If the stock trades on the upper band, it will stay there awhile (months) before crossing over to the short side. AFCI hovers just below the midpoint right now,BUT...

The OBV is much improved suggesting future upside if you belive that indicator