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Strategies & Market Trends : Three Amigos Stock Thread

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To: arnold silver who wrote (19165)	3/11/2000 11:05:00 AM
From: Ken W	Read Replies (1) of 29382

Arnie, WGAT: siliconinvestor.com Gave off a short term buy signal on MACD just like you said at 30 31, however, the chart above indicates that it was a trading signal only. There is just too much distance between the MA's for it to be a positive rally above about 35 as you can see by the selling volume and a down close below the MA. Also note that the MACD is still well below the signal line on the daily chart. I would be suspect of the rally Arnie, just like the ones prior when all it did was make a new rounded top and fall to a lower trading range. There are some great trades in here and should be played that way 2 to 3 point swings are a delight even in a down trend. Ken

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