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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (21660)10/29/2000 6:47:09 PM
From: somatics1  Read Replies (1) of 29382
 
Hello Sergio!! que pasa? I had to take a look at WDC, being a student of Ken, I couldn't resist LOL. The ups and downs look like a super trader and a "bread and butter" stock. Short term, what bothers me is the beginning of a possible downturn of the 50 bar stochastics. It has been showing a beautiful trading range from 5 to 6 while maintaining somewhat overbought conditions. Perhaps this is the signal for a downturn for it's run towards 5. Hmmm, if i weren't buying a house right now, I think I would join you as close to 5 as possible. Of course, that 50 day moving average is no slouch and I'm sure it could hit there if it does move down. Short term however, the 3 bar sochastics is showing a start of a sell off. Maybe some folks want to take some profits. As Ken has sometimes told me "but what the hell do I know" hahahaha George.

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