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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH

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To: stan s. who wrote (1189)11/5/1997 10:11:00 PM
From: stan s.  Read Replies (1) of 1391
 
WDC, still fighting the trend. With that as a backdrop today's move really didn't hurt much.

Momentum indicators are still fresh from oversold territory...the MACD remains close to a buy signal, while the SAR (stop and reverse) did signal a buy.

For those interested the Stochastics are showing a bullish divergence with price (not my favorite divergence but worth noting).

geocities.com

Support generally at 30...then 28. These positive signs would mean more if WDC had shown any recent strength but...
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