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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: sandintoes who wrote (788)	7/22/2001 3:25:08 PM
From: Vendit™	Read Replies (1) of 8752

Re: BA BA is very mature in its current cycle up. The buy signal occurred on July 11th. askresearch.com Your observation about the stochastic indicator being high is a correct one. You stand a much better chance to trade for a short-term gain if you buy when stochastic first signals below 20. Notice the bollies have tightened and are forming a channel. I suspect a move back to support ($54ish) will happen within a week or two. Not much short-term momentum left based on MACD. JMO

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