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Strategies & Market Trends : Technical Analysis - Beginners

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To: David Russell Coburn II who wrote (7121)	11/28/1997 9:01:00 PM
From: gonzongo	Read Replies (2) of 12039

Thank you for your comments: WMT is a mystery to me as is most of the market- I am not really "hot" on any issue at the moment. Some folks are long at this point- some are short. I am waiting. I think DELL has a shot higher on the big caps and I see the Wilshire Small Cap index struggling.- see attached: geocities.com. So I am currently looking at big caps as well. WMT came to my attention because its bollinger bands(8 day) are tightening up at an alltime high. which usually indicates a move. I have seen many stocks move up in these conditions but other move down. There is support at 39 but a gap at 38.63( only 25 cents). ( see attached chart) The general uptrend is not yet broken but evidence could support it going either way. I usually call it the wrong way so I thought I would ask you. ( geocities.com )(note I am using Wednesday's info) andy

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