WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 176.19

-0.1%

12:40 PM EST

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To: Drbob512 who wrote (25287)	3/7/2004 4:06:20 PM
From: Steve 667	Read Replies (1) of 60323

Bob: RE: Stochastic and settings, each program that I look at has a different stochastic chart using the same stock and time period. This is using the default settings. So how valid can it be? My take on technical analysis it that an indicator is only good if it gives a correct buy or sell point more than 65%+ of the time. If it cannot, then it is only a conversation piece, nothing more. Other than considering the direction of the market, all this nonsense that it must be used in conjunction with.....blah blah blah is rubbish. It either works on its own or it doesn't. If you have 5 separate indicators and they all give you a buy signal at the same time and they are each only right half the time, then you might as well flip a coin. They are not additive. 200% of nothing is still nothing. Re: SNDK fundamentals look good. Technically good if the market goes up, SNDK will go up more. With SNDK rising the past week, volume has been declining. As Martha would say, that's a good thing. If market goes down, SNDK goes down. That's a bad thing. My 2 cents. Steve

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