From Sparky: Tuesday 03/23/04 10:34 pm cst
This Is A Very Interesting & Informative Post Scoeman!
And for those of you who don't under stochastic analysis, what it's measuring is whether trades are happening closer to Best Bid (which indicates selling, hence weakness) or closer to Best Ask (which indicates accumulation, hence strength).
Since the AGIS selling spree ended around mid-session on Monday, the vast majority of UGMI trades have been closer to Best Ask - which is why these healthy little shares are suddenly beginning to show up on more and more radar screens.
If AGIS had remained sidelined last week, and Sparky thinks it soon will wish it had, UGMI shares would have been on a lot more screens, and a lot sooner!
But looking ahead, Sparky doesn't suspect that any of that will matter very soon, for a price explosion is about to happen.
Accordingly, Sparky continues to think that UGMI shares are an excellent addition to any portfolio anywhere near current levels.
Sincerely,
Sparky