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Strategies & Market Trends : Set the Controls For The Heart of the SUN
IQ 1.940-2.0%Jan 16 9:30 AM EST

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To: Doug R who wrote ()5/19/1997 10:24:00 PM
From: Instock   of 1156
 
Doug: Hope you have time for a update on WGNR. Look at that volume!! WOW!! I don't see anytime that this stock has traded this many shares.

I don't like how that candle for today looks or that GAP up at the open.
From my reading of the chart, all indicaters look good except for RSI showing overbought.
How long can a stock move up while showing overbought condition? Could 'ent any stock keep moving up and be overbought the sametime?
I assume that overbought is relative to the stocks past.

Macc is up and looks good , Momentum is up , Stoc looks good but that all depends on how I set the parimeters.
My chart program shows the stock breaking the lower Bol. Band. Is that what yours shows too?
Price seems to be sitting on the 40 day moving average with all moving average from 1 to 40 days being close to the same.

Ok, what are you seeing and where does it look like its going from here?

Thanks
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