Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 681.53

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Dec 2 4:00 PM EST

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To: Dr. Stoxx who wrote (4155)	6/10/1999 11:24:00 AM
From: go4it	Read Replies (1) of 39683

TC, Regarding VLO long vs. short. It is true that stochastics indicated a downturn but IMO candlesticks indicated a positive turning point. Assuming trend analysis you can see that the last time it hit the 200 DMA it had a 2 day pullback before the uptrend continued. timely.com In addition to that they are currently trading in the same area that they were when the price of oil was $11 / barrel. They have project earnings for next year of $2.15 which would suggest to me that the price would hit $40 next year. biz.yahoo.com That would be my TA/FA rebuttle and what is your opinion of this. CNXT - That wasn't fair for me. Until recently I worked for Rockwell and I had a pretty good "hunch" how the company would do after it got free of the beaucracy of the "mother ship". Chuck

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