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Re: MMK post# 3831

Wednesday, 06/20/2001 5:57:25 AM

Wednesday, June 20, 2001 5:57:25 AM

Post# of 4110
Good morning Marian

APA is testing s medium term point of support which has formed over a 7 month time frame just under $52. I’ve looked for a stochastic buy confirmation using all settings and although close, there is not yet one.

http://www.askresearch.com/cgi-bin/chart?symbol=APA&country=USA&size=640x480&months=12+m...

You can see the stock has formed a channel between $51 as a low and $67 as a high. Another day should make short term direction clearer. All indicators are within accumulation ranges. The 7.6 PE makes it a safe play IMO.

http://www.askresearch.com/cgi-bin/chart?symbol=APA&country=USA&size=640x480&months=12+m...

======================

QCOM

Looking at a two-year chart, $50 has become a common S/R line.

http://www.askresearch.com/cgi-bin/chart?symbol=QCOM&country=USA&size=800x600&months=24+...

History shows that a 5-3-3 confirmed buy signal seems reliable. Q got this signal yesterday. I hate the PE but love the volatility.

http://www.askresearch.com/cgi-bin/chart?symbol=QCOM&country=USA&size=800x600&months=3+m...

This stocks tracks the NASDAQ tick for tick so an eye on that index is wise in one minute time frames is a good idea if you are going to trade Q. Q has been making higher lows the past 3 days which points to a good entry just above $50 as a possibility.

======================

IDTI looks like another good over sold company with a low PE. No bottom showing yet but is in an area to accumulate for the next run.


http://www.askresearch.com/cgi-bin/chart?symbol=IDTI&country=USA&size=800x600&months=3+m...

Short term 5-3-3 stochastic looks very reliable. Each time the fast black line nearly touched zero the stock has made a decisive reversal back up.

http://www.askresearch.com/cgi-bin/chart?symbol=IDTI&country=USA&size=800x600&months=12+...

JMO




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