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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Druss who wrote (665)1/14/1998 1:12:00 AM
From: Dale Baker  Read Replies (1) of 18691
 
The TA read on WDRY came from Fast Stochastics, which showed WDRY oversold and prone to a quick rebound, just like XCIT and a list of others which I don't have at my fingertips at the moment.

I don't know what to make of the Fast Stochastics line now, going from 10 to 90 in one day. Perhaps a more experienced chart reader could comment.

I expect WDRY will be a good short again in the near future. I'll try not to miss the train this time.
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