Re: [CANSLIM] STOPs and GRMN and selling rules

From: "David Bojanowski" <dbojanowski@hotmail.com>
Subject: Re: [CANSLIM] STOPs and GRMN and selling rules
Date: Thu, 22 May 2003 08:27:38 -0400

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Okay I guess it depends how you look at it.  I'm looking at it in a shorter 
term.  When I look at charts I look at MACD and the 13-day EMA.  The MACD is 
falling right now and the MACD histogram is negative.  The overall chart has 
been great, but if I were my money I wouldn't buy just yet.  I'd like to see 
the MACD stuff turn up again before I buy.  But that's just me.
http://clearstation.etrade.com/cgi-bin/details?Symbol=grmn&Refer=http://clearstation.etrade.com/


>From: "Jeff Mulder" <jeff@mulder.com>
><< Well the trend has been broken...I would keep an eye on it and see if it
>can form some support and move up again. >>
>
>How has the trend been broken?  GRMN has not violated its 50-day moving
>average or its intermediate-term trendline (connecting the late October 
>2002
>lows and the dip in early April 2003 on a log scale).  In fact, GRMN showed
>the support you are looking for when, today, it dipped to within a few 
>ticks
>of its intermediate-term trendline and rebounded sharply.

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