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Murrey Math



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classic loser trying t odrag you down:

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> From: Animal Mother <animal_mother@xxxxxxxxxxxxx>
> To: metastock-list@xxxxxxxxxxxxx
> Subject: Ignore TMMurrey--here are some stocks.
> Date: Sunday, June 08, 1997 12:20 PM
> 
> I've been watching some of this Murrey math nonsense in stoic silence,
and I think I've had enough.  This guy is using the group to plug himself. 
It's safe to assume he can't make a living trading his so-called system, or
he wouldn't be to shameless and so persistent in his plugs.  Ignore this
bozo, and he will go away.  This isn't a forum for bickering.
> 
> Here are a couple to consider:
> 
> JABIL--strong fundamentals; it's recently broken out of a recent range,
and is reacting.  Looking at the Pitchfork with med. line on 5/7, pt. 2 on
5/15, and 3 on 5/29, you see support sustained at the median line, which
indicates further moves up. Warning:  13-day MFI diverges, but has not
broken its uptrend line, nor has 13-day RSI.
> 
> VEECO--It has recently reacted, is still in its long term up trend, but
has dipped into the lower half of the Raff Regression Channel drawn from
11/6 to 4/21 and extrapolated through the present.  RSI is approaching
oversold levels.  Looking at a weekly chart, the news is better.  Support
established at the lower RRC, price has bounced off the 13-week exp. MA.  0
debt/equity, 8.4% profit margin (which makes this one not a long-term hold,
unless things get better), 17.4% Annual eps increase vs. year ago, recent
qtr., est. next 5 years 23.8%.
> 
> I'm keeping a close watch on my JABIL; it has had some recent high-ish
short interest.  
>