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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (16143)	3/9/1999 4:09:00 PM
From: Glenn	Respond to of 90042

It seems to drop a bit after splits. As soon as it starts moving up, I'll jump in. Probably tomorrow morning. Glenn

To: Junkyardawg who wrote (16143)	3/10/1999 12:39:00 AM
From: SAMS BONE	Read Replies (1) \| Respond to of 90042

Dawg, glad to hear your back in, you will do excellent! just a note about PAIR charting it on my tradestation, bollinger bands are very tight (almost completely pinched) after a long consolidation period, and showing oversold condition, (this is very bullish and forecasts a breakout to the upside shortly) stoch @ fma 11.00 slma @ 12.09, extremly oversold condition. ADX @ 12.55 and flattening(adx has been slowly falling during this consolidation period showing that the current flat to down trending market lacks integrity(bullish sign) , also adx usually reverses @ 20.00 we are well below that now. (this is a very bullish sign.) RSI currently oversold @ 38.46 ( 2 more flat days and we will have an RSI reading of 30 and as you know that signals a strong bounce to the upside is looming. the last 2 charts I saw like this were sunday, INKT in @ 64 monday out today @ 74, DRIV in @ 32.75 monday out @ 37.50 monday, EGGS in @ 13.125 monday out today @ 15.00 so as you can see when this chart formation occurs, the results are usually good (provided that the overall market somewhat cooperates.) from the bone yard