Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: RonN who wrote (596)	4/14/1997 7:13:00 PM
From: Michael July	of 1017

Ron...See Buzz's 597 post for a site to view charts. My interpretation...I am not an expert by any means...of the chart is that the 200 DMA is leveling off. It has lost it's upward momentum and this leveling off process will continue as long as the stock price stays below the 200 DMA and if the price heads lower the moving average will then begin to turn down...i.e. roll over. With the 20 DMA and 50 DMA both heading south, the technical picture suggests that any upward rise in price will be met by technical selling at the moving averages. By no means is TA foolproof or we all would be rich. If CWEI's price can get above all 3 moving averages then the selling pressure will subside IMO. There are many other TA tools which can be helpfull but I have found that one can make it so complicated and confusing by looking at too many of them that it leads to paralysis.

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