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Strategies & Market Trends : Predicting news and runs for big % gains

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To: freelyhovering who wrote (55)	7/31/1999 9:15:00 PM
From: scouser	Read Replies (2) of 2182

Myron, we have found W%R on bigcharts.com to be a 'leading' indicator, the more it is above -50 , the closer the rise may be. When it points down sharply, it has shown a drop is imminent. I only use it to predict the inital surge up, and if it drops sharply, the inital drop. The up/down thing I regard a true T/A and would only apply it to full board stocks. And with gains in 3 figures it would be foolish to play it any more. ENML shows flat on W% and ACMI has a descending triangle, so it is make your mind up time mon/tue a spike or drop , it could go either way. John

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