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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Ms. X who wrote (19846)5/12/1999 11:32:00 PM
From: James Strauss  Read Replies (2) | Respond to of 34811
 
COPY...

Jan:

From a technical perspective COPY is very intriguing... Strong Relative Strength... Positive and rising MoneyFlow... Stochastics breaking out from a low base with the indicator lines fanning out... Very Bullish... Today's volume is more than double the average volume... This is also a bullish sign... I'll be using the 2.25 area as an entry point... The caveat is that the fundamentals stink... So this would be strictly a speculative trading vehicle... I have found that Technicals usually lead the fundamentals... So, something may be going on here not yet reflected in the fundamentals...

Daily Chart:
iqc.com

Weekly Chart:
iqc.com

A move to the 3 1/2 to 4.00 area seems doable after a break of the 2 1/4 area...

Jim