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

To: P314159d who wrote (1814)	2/20/1999 1:15:00 PM
From: ron handlin	Read Replies (1) \| Respond to of 3299

does anyone have any familiarity with the equis, metastock family of trading tools spendy at 1495 but looks comprehensive don't know yet what data link costs but this is about 1/20 of what i lost on fiber co last week thanks in advance

To: P314159d who wrote (1814)	2/21/1999 7:49:00 PM
From: Nick Papa	Read Replies (4) \| Respond to of 3299

IMHO, although the OBV is up, it's just barely up and not enough to confirm a strong move upward. I use AIQ for end of day analysis and look at both ST & LT trends. If I had to predict (which I hate to do, but's it part of trading), looking at the LT leads me to believe we're still going down. In fact, the MACD is converging and may cross over to the down side (as I understand it, the MACD is a lagging indicator, which helps determine the overall trend). That would hurt. And if the MACD DOES cross over with conviction (i.e. volume), I say we re-test the 4-5 lows. If it can hold, then MAYBE this is a bottom (and thus a buying opportunity). Also, the stochastics are at 14 (ST) and 51 (LT - but headed down). The reversal may be short lived, and I need more confirmation before I re-enter AFCI. I would rather be late to the party. FWIW: I'm 95% in cash at the moment.