Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SJS who wrote (3390)	11/20/1997 5:11:00 PM
From: David Spruiell	Read Replies (1) of 95453

I will tell what I know. If the close is close to the daily high, the trend is to continue higher the next day. If closes near the daily low, there is a correlation with, continuing lower the next day. There are exceptions , as when the price reaches the top or the base of the curve. Sometimes reliable indications to buy or sell when in the upper 20% or lower 20% of the Stochastics curve. The middle 60% is not reliable. stocksmart.com StockSmart.com has a lot of info. that you might find interesting. Best Luck David EDIT: Thean thanks for the note on MDCO

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