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Politics : High Tolerance Plasticity

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To: dry driller who wrote (21681)	10/2/2004 3:46:46 PM
From: chowder	Read Replies (1) of 23153

Hi dry miller, MWY looks like it is trying to bottom here. I don't see anything that would represent strength but, I do see several indicators saying it is due for an oversold bounce and it is near a price support level of the July lows. Relative strength is peeking its head above the 30 line, from an oversold condition and the trend indicator, the MACD, is looking like it's ready to flash a short term buy signal. stockcharts.com[h,a]daclyiay[pb50!b20!f][vc60][iut!Lb14!La12,26,9]&pref=G Since this stock is showing weakness from the indicators, I don't think MWY has the strength to rise any higer than the 20 day moving average on this attempt. It will probably pull back from there unless some market moving news comes along to change the character of this stock. It needs to simmer a little longer after any oversold bounce we may get up to the 20 dma. dabum

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