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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (7572)	12/15/2000 5:09:41 AM
From: Walkingshadow	Read Replies (1) of 13572

Greg, More MDT: Tell me what you make of this. Seems to me that MDT has now pierced the upper rail of the 20 day BB, and has also reached extreme overbought levels: askresearch.com Williams has never stayed at extreme overbought levels for more than a few weeks at a time on the yearly chart (nor stochastic), and the upper rail of the 20 day BB has turned back all advances convincingly during this time; Williams has now spent most of the last 3 weeks at extreme overbought conditions, and the 20 day BB upper rail was pierced today. These would be most consistent with a selloff shortly. OTOH, there's the close above 58 and an all time high, and the fact that the OBV has steadily risen over the year and is now redlined. These would be most consistent with a breakout to a new and higher trading range at least, if not a steady uptrend. I don't know which of these bits of evidence are most important, and will therefore be the major determinant going forward. What's your take, and why? TIA, WS

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