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Re: Ed Monton post# 233

Thursday, 06/19/2003 9:33:54 PM

Thursday, June 19, 2003 9:33:54 PM

Post# of 19037
tf ... Bingo, you're speaking my language -- M-O-V-I-N-G...A-V-E-R-A-G-E-S see #msg-992279

I think the most important tool in the arsenal of a technician are the moving averages ... I see everything else as nothing more than a mathematic bastardization of the truth.

Anyway, I'll give you three things that are going for it and one biggy against it. FOR = 1) bullish x-over on the STOs 2) rising RSI 3) the price did a bullish x-over on the nine. AGAINST = OBV, without accumulation you might as well sell into strength. My sell-stop is at $2.17-- and I mean it this time.

Regards,
Michael.........



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