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To: Ed Devlin who wrote (7289)2/24/1999 7:40:00 AM
From: Richard Mazzarella  Respond to of 11603
 
Ed, <<going short-term?>> IMO use TA for short term stock behavior, but FA for long. That 500k blip distorted the TA, we may need a few more days to get a better idea for the short term. Maybe CL, the only, will comment on the short term TA?

<<howling dogs come out>> Interesting point. Notice that when the stock is strongly moving up, the dogs don't howl or whine. There is now an atmosphere of party time. However, if the stock retraces, it's feeding time. Being long when the dogs are feeding is very stressful. Hopefully we won't see that on this thread again. I didn't like the dogs feeding or my behavior in response.



To: Ed Devlin who wrote (7289)2/24/1999 9:29:00 AM
From: go4it  Read Replies (3) | Respond to of 11603
 
Hi Ed,

Short term IMHO everything revolves around volume. Based on the following chart timely.com
Stochastics have gone off the chart and they will stay there if buying pressure remains on the stock however once that buying pressure is removed I would guess that the price will come down relatively rapidly from a % perspective.

Chuck