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Red Hat, Inc. (RHAT) Message Board

  • mardermj mardermj Jul 15, 2004 10:41 AM Flag

    Gee this is hard DUUUHHHHH!!!

    1 DAY PRICE CHANGE 7, strong up (+0.45, +3%) from yesterdays close.

    SHORT TERM DIRECTION -10, extreme pullback, expect pullback to pause/stop.

    RALLIES/PULLBACKS Typical: 2.45 pts(15.8%) occurs 25% of the time.
    At current stock price Extreme: 3.19 pt
    20.6%) occurs 5% of the time.

    OVERBOUGHT/SOLD -10, Extreme Oversold, odds definitely favor long trades.

    1 MONTH TREND -10, Excessive Down trend, not sustainable, occurs only 5% of the time, expect trend to turn sideways or higher.

    INTERMEDIATE TREND 10, bullish,
    Past 4 months excessive downtrend turned sideways, possible reversal to uptrend.

    RESISTANCE/SUPPORT 15.5, not at resistance or support Res/Support Help Resistance Above : +11.5% at 17.3 � 0.38, type single, strength 1
    Res/Support Movie Support Below : None.

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    • Accounting issues=uncertianty

      Trumps all historical trends and analysis. JMHO

      • 2 Replies to solarisman20022002
      • Yes it does trump all previous technical indicators, if it shows anything except a conflagration of coincidence--a puncturing of credibility because the head dude got the ax just about the time the accounting change was made, and the market has overreacted 40%.

        That's the definition of an overreaction and the definition of a buying op if you think the model is viable. If you don't think the model is viable then you should have been short--at some point, and the shorties will have a field day for the near term, but when you get a couple days bounce they will panic and we will see 17.5 again.

        Trade the mother and see if I am not right.

 

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