WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 155.34

-4.3%

1:09 PM EST

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To: jkb who wrote (2031)	12/10/1997 11:21:00 PM
From: Loren	Read Replies (2) of 60323

Jay - There are at least two ways to look at the TA of SNDK... One is looking for support/resistance levels. As you said, it looks like there is support at about 22. It has been tested three times since mid-October. Another way is to determine if the stock is trending, and if so, how strongly, and in which direction. I use DMI and MACD indicators to tell me this. I use these with mainly weekly data, because the buy/sell signals that arise from these have proven more accurate/profitable. Both the weekly and daily data tell me that SNDK is trending downward. Both trends are continuing to develop/strengthen. So, you've got to decide what kind of TA'er you are (if any at all!). Do you believe in the trend, and stay out? Or do you believe in the support level, and buy in while the buying's good? Loren

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