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Strategies & Market Trends : Screening for Stocks
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To: B.K.Myers who wrote (20)8/30/2000 12:34:21 AM
From: Return to Sender  Read Replies (1) of 66
 
If I owned SUNW I would still be cautiously holding. I simply would not be opening a new position. Stocks like SUNW usually continue to lead the market on any additional leg up because they were so strong even when the market was not good. I would however continue to be ever watchful for too extreme a move higher because no stock can move higher without pulling back eventually. Read the discussion on Bollinger Bands and RSI first and look over all the charts on these stocks on the list. You will see a pattern that is almost universal. If SUNW made an extreme move above the upper band and the RSI increases above 80 then you will see profit taking in my opinion.

RTS
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