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lowtrade

05/06/05 11:00 PM

#1737 RE: william2112 #1736

william2112

LOL I just posted the same point! To squ1dk1d !

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lowtrade

05/06/05 11:32 PM

#1741 RE: william2112 #1736

william2112

Your volatility , my lack of volume. We are looking at it from different angles actually. And both correct IMO.

Volatility does, with out a dought, control the major runs. Lack of volume causes MMs to work harder, to stay in business.

The question we need answered is will the Q1 create the volatility needed for the major run you speak of or will it be passed up because the irrationals aren't around to act on it.

I have history, hating MMs and buy the time the good Q1 report came out last year irrationals were gone, the expected run didn't happen, the walk down did. IMO they are gone this year also.

I'm concerned of a simular thing this year. The good sign, this will not happen, this year, is the TA and the fact there are more long investor, because of the Strat, that may add low, few days before Q1 release. If this longs buying starts, the spec traders watching GTEL's stall may come back and monentium will make me feel alot more like you.

I want to see volume INCREASE! Not need the PPs rise, just a sign longs are adding.
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Shab

05/07/05 12:58 AM

#1747 RE: william2112 #1736

Bill & Low,

My logical mind wants to agree with Bill and we should be seeing a "leap" up soon on nothing but positive news to come.

Heres what I fear that could happen:
You TA guys are saying how tight everything looks, like a spring ready to pop for the last 10 days. When good news comes, it only makes sense that we SHOULD see a leap UP...... BUT....... how many times have you seen that you "buy the rumor, sell the news". If that is the case here than we should be seeing the PPs moving now. If the news is "as expected" even though it is good, we could see a blip up on the news and then a selling frenzy on expectations MERELY being met.

I could see that happening but yet, my logical mind thinks we should be seeing a push to new highs and then reconsolidation considering how low the price is here; that is, given my expectations for this entire years projected "possibility of" never-before-seen GTEL earnings come 4th quarter.

Stay Long and Strong.........Shab
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techBear

05/07/05 4:37 AM

#1749 RE: william2112 #1736

william2112, thanks for posting that chart .. shows exactly the oversold Stoch I've been referring to in the weekly chart.
Unlike last year, the oversold condition has happened a lot sooner hinting that a reversal will come much sooner also. And if you add to that our current tight trading range and dried up volume, MACD crossing, Aroon5 on the verge of crossing up, daily Stoch crossing up at a higher support then previous (showing strengthening price) ... we are setting up for a nice continuation run from February .
best of luck to all .