Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Jim Rathmann who wrote (883)	10/2/1997 12:01:00 PM
From: RonN	of 1017

I'm not familiar with the term but it sounds impressive. I looked at the 10, 15, 30 DMA's and they look as if were riding atop the momentum. This is good if the momentum is sustained, if it stalls...? Some other charts (Bollinger) have both upper and lower bands on an uptrend with the current price around or above the upper band. I'm no chart reader as I've said before but it looks good as long as the trends stay upward (scary logic.) I'm keeping a wary eye on the lower trend which seems to fall off first when a stock starts to drop. If that band goes south, I'll be looking hard at why and how far it may go before recovering. Untill then, I'm enjoying the ride! --RonN

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