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flyboy9

03/18/08 9:48 PM

#9968 RE: midas716 #9957

For what it's worth, my scottrade detailed quote says the MACD is indicating a stong bullish trend.

MACD
The MACD for AMHD currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9day moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher.
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glassy

03/18/08 11:24 PM

#10047 RE: midas716 #9957

No I never kid with charts and I give my honest OPINION. I am not writing a dissertation here.
RSI- I think it looks like it should bounce right around the 50 line where I think it will find support.
Histograms- the fast and regular-both have downticked for last 3 trading sesions and if you will look at this along with the volume- the selling volume is drying up. the histograms are leading indicators and the
MACD is a a lagging indicator. It is rolling over and can easily bounce off the fat black line ( highly technical term)and stay above the 0 line. the fact that it is still above 0 indicts a lot of strength to the trend.It is above the 200 dma and is said to be " in its own bull market".
What caught my eye is that the CMF has increased for the last 3 trading sessions-money is coming in and it is a divergence.That coupled with the accumulation give a possible signal IMO. And A dogi indicates a possible reversal.
What I would NOT be surprised to see- as I mentioned- is a swan dive to retest the 200 dma(or close) and a recovery. What I think is THAT would be the sweet spot/buy point that may present itself.



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glassy

03/19/08 9:56 AM

#10189 RE: midas716 #9957

AMHD-I know it is only the first 30 mins but I think I nailed it on last nights chart! IF it was a sucker rally, I think it woulda let us know already.