To: christopher who wrote (968 ) 5/29/1999 10:50:00 AM From: Bill Fortune III Read Replies (1) | Respond to of 1026
Greetings Chris and everyone. I am always interested in good stock such as SYBR and for that reason I have accumulated a nice little portion as part of my portfolio. The reason I say that is that after I buy a stock I continue to research on them from time to time. As I was doing just that on SYBR this morning I was delighted in what I found in regards to my technical analysis (TA). I looked at the Bollinger Bands and found that they tighter since mid-February and that is good. And decided that two things need to still take place: 1. They need to tighten a little bit more. 2. The price will then need to break out above the top which could signal a continuation of that movement. Both of these are based however on investor involvement. Here is a link to what I am talking about at the Wall Street City Site:tscn.com The following is an overview of the Bollinger Bands. Definition The Bollinger bands are a modification of trading bands developed by John Bollinger. Normally, trading bands are lines drawn at a fixed interval around a moving average. (Trading bands are called a moving average envelope). However, there are problems with these bands. First, different trading situations require different widths, and second, different moving average lengths produce different trading bands. John Bollinger solved these problems by placing the bands two standard deviations on either side of the moving average. Because of this, Bollinger bands will vary in distance from the average as a function of the stock's volatility. Interpretation According to John Bollinger:  Sharp moves tend to occur after the bands tighten to the average, i.e., the volatility lessens.  A move outside the bands calls for a continuation of the trend.  Tops and bottoms made outside the bands, which are followed by tops and bottoms made inside the bands, indicate a trend reversal.  A move originating at one band tends to go to the other band. Disclaimer Be aware that technical analysis is not foolproof and frequently produces bad signals. They should not be used as an automated buy and sell program but as a tool to enhance your probability of holding winning stocks. All technical analysis is based on mathematical calculations and, as such, no investment decision should be based solely on its conclusions. AND ON TOP OF THAT GOOD TA; it should also be noted that the following are offering buy signals SYBR: MACD = NEW Buy Signal:tscn.com Stochastics has had a Buy Signal since the late part of March:tscn.com RSI has 2 Buy Signals in a row:tscn.com THE GREEN (BUY) ARROWS: Breakout arrows Each technical indicator that has breakouts will have the breakout points hilighted BY GREEN (POSITIVE BREAKOUTS) or red (negative breakouts) arrows. These are the equivalent to buy and sell points, however, see disclaimer below. Disclaimer Be aware that technical analysis is not foolproof and frequently produces bad signals (whipsaws). They should not be used as an automated buy and sell program but as a tool to enhance your probability of holding winning stocks. All technical analysis is based on mathematical calculations and, as such, no investment decision should be based solely on its conclusions. As far as I am concerned the TA is beyond bullish at the moment. The only ingredient missing is investor involvement, which took place today and hopefully will continue. I also know that once it starts to move, that movement could be very impressive. Happy Memorial Day to everyone, Bill Fortune III