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Strategies & Market Trends : today's chart

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To: The Perfect Hedge who wrote (365)8/11/1997 5:33:00 PM
From: Richard Estes   of 1267
 
I don't know of any internet site that is good as the simplest charting program. I personally couldn't work from them. No, the reading did not include today's data. you have to realize that the normal OS is -200, I use the turnup thru -150. I didn't look at site, yet. To remind you of past looks:

To: glen dickerson (2825 )
From: Richard Estes Jul 23 1997 6:12PM EST
Reply #2826 of 3265

Who knows? You been doing a great job. What do you want? Perfection.
It might test the 36 area again. if it can close above it, you might be on the way to 39. But it is extended and would have normally returned to the 25-26 range to base. somewhere in the future that area should pull on it. When?

To: glen dickerson (304 )
From: Richard Estes Aug 10 1997 1:35AM EST
Reply #323 of 369

No, the breakout failed. It might have been market. Better buy at 36.63 or above. Needs to stay above 34. Where are you now with it?

Bill S and Robert G. gave good advice. It can become more oversold, you wait for a REAL turn or you could be buying all the way down. CKR has been good but there is no reason to believe this will last forever.
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