Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: herry iball who wrote (6694)	9/13/2000 11:14:24 AM
From: James Strauss	Read Replies (1) of 13094

I also checked the hourly, and W% is holding up near the top, so I'm curious as to why you would state W% is in an oversold position. Rap: Correction... I meant overbought... : > I like to look at the 6 month and longer charts for intermediate term direction... They give a broader picture of a stock's trend... bigcharts.com As you can see, the Williams %R is approaching the -20 area... From -20 to 0 you enter the overbought area, much like in Stochastics where the 80 to 100 area is considered overbought... Many times a stock can remain overbought while continuing to move higher... Thanks for keeping me on my toes... : > Jim

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