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Non-Tech : Sungold Gaming International (SGGNF) -- Ignore unavailable to you. Want to Upgrade?

To: vee who wrote (3560)	4/19/1999 9:02:00 PM
From: John Lawrence	Respond to of 5164

Vee, a nice little crossover. The timely.com charts make it easy to do. Some chartists like to use a 90 day period for the slow moving average and a 30 day period for the fast one. When the fast ma crosses over the slow one, especially when they're both moving in an upward direction, some people read that as an indication that an uptrend has begun. It's a crude sort of TA, and one would normally want other indicators, like rising vol., to confirm an uptrend. One trouble with ma's is they lag, so if one were using the 30 and 90 day Xover as an entry signal, they would have missed the early part of the price move. More relevant perhaps is that anyone serious about statistical TA would probably only use it for stocks trading many hundreds of thousands, if not millions of shares. I'm no expert on TA, I just wanted to point out that a quick and dirty maXover indicates an uptrend is underway, and that this observation may have occurred to others looking at the chart. If you want an informed answer, ask someone like Rampant.