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Technology Stocks : Western Digital (WDC)
WDC 265.98+2.2%10:29 AM EST
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To: steve goldman who wrote (7142)11/4/1997 9:55:00 PM
From: marc chatman  Read Replies (1) of 11057
 
You've got it , Steve. Late inning fade. I think WDC needs a strong closer.

If I could impose, what exactly do you mean by "watching the tape?" Can it be done with an internet Level 2 feed? I suppose there are certain things you look for. Is there some book you could recommend discussing this technique? Or have you described it somewhere on your thread?

I've always used FA, and recently I've been reading up on TA to help me find better buying and selling points. It's allways good to learn new things.

I sold the balance of my WDC today into the strength because I anticipate a retreat to the high 20's. If it retreats or confirms a reversal on a breakout, I'll hop back on for the ride. Interesting that you refer to a 4 week period for the market to heal. That's about the time it took WDC to base in June before its run to 54.

Regards and thanks.
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