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Strategies & Market Trends : Ask DrBob
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To: Drbob512 who started this subject3/6/2002 7:33:28 PM
From: randyi  Read Replies (1) of 100058
 
Dr Bob,
Can I get your thoughts on GE? The RSI on the dailies at 69.0 is not over bought yet. The Stochastics are overbought but both K and D are still turned up. MACD, ADX and CMF are all positive. It even closed above it's 200 day ma and is 5 cents short of the November high. Am I reading this right that the next level of resistance is at about 43 or is it 47 from last July? The last 3 of the 4 days had strong closes at or just off the day's highs. Any guess where the top is?
Thanks Randy
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