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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: stan s. who wrote (53472)8/16/1999 11:43:00 PM
From: stan s.  Read Replies (1) of 90042
 
WDC, chart looks good in the early stages...this is apparently based on continuing layoffs. I like the trend line drawn from January 14 thru July 15th. Close to a break now but I want to see it break and hold the break or at least give indications it will.

That gap will probably have to be filled eventually but not right now. Appears it may have had a bullish engulfing pattern yesterday signaling the bottom and potential reversal.

Bullish divergence on the 14 day RSI...momentum indicators all giving buys as well as the more conservative MACD. Unusual to get 'em all at once.

Looks good, we should know early...if a price move is backed by volume I think it confirms the move.

Enough for me tonight!

Stan
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