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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (7572)12/14/2000 11:59:23 PM
From: Walkingshadow  Read Replies (1) of 13572
 
Greg,

Thanks. Excellent observations, sir.

Don't you think there are repetitive trendlines in the stochastic lows? And taking these trends forward, would you therefore expect that after MDT stochastic gets in the overbought range this time, that there will then be a downswing in the stochastic down below 10 or so, and therefore a strong selloff?

OTOH, today's candle is awfully bullish, and the first time MDT has ever closed above 58. Might be moving out of this trading range finally, which it seems to do about once a year or so.

TIA,

WS
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