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Technology Stocks : WorldGate Communications, Inc. (WGAT) -- Ignore unavailable to you. Want to Upgrade?

To: John F Beule who wrote (107)	4/27/1999 5:39:00 AM
From: Gary105	Read Replies (1) \| Respond to of 589

TA while we wait for the grass to grow and the paint to dry: In absence of daily TA (only established when stock has been trading a while), hourly TA is used. 38.186.148.52 Key points: 1. Bollinger Bands (which define short term trading range) are narrowing. Normally when the BBs get this close, a breakout follows - I would say its a matter of a few hours, not more than 2 days. 2. Direction of breakout is impossible to call. However MACD, while still slightly negative, is getting close to turning positive. This will tell the story from a TA perspective - if it stays where it is or only turns slightly positive or slightly more negative - then a move will be short lived. If it turns very positive, a very positive sign. If it turns very negative, a negative sign. all imo, Gary