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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: scouser who wrote (14611)	3/21/1999 12:52:00 AM
From: scouser	Read Replies (1) \| Respond to of 29382

HMSY some very interesting T/A...... I've been looking at the 3 year/weekly T/A and some excellent indicators are easily gleaned. If you would have bought at any of the last 3 MACD cross overs, $5-$6 , you would have made double in the following 8-12 weeks, and the MACD histogram would have given you the sell time. It looks like it could cross next week. $5 is the long term support. The RSI is a good pointer of the new direction which is now up. The williams % has just come off the bottom ,-100 line, and is up to - 80, it is not as steep as the last 3 peaks indicating a slower rise coming. If it goes above -50 and it previously came off the -100 line, which it nearly was at ,then a double is probable The fast and slow stochastic show the bottom before the last 3 rises by moving up from the 0 line- it just left bottom 2 weeks ago. The ROC has gone from 0 to -40 ,a large rise is not expected until it gets less negative and closer to zero, the last 2 weeks are stable at -40 a move closer should happen next week. The momentum started to swing back to the zero line last week ,showing us the $4.75 last monday was the low for the cycle. John