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Strategies & Market Trends : Charts for Quick CASH $$$

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To: taxikid who wrote (5652)1/14/1998 1:36:00 AM
From: Galirayo  Read Replies (1) of 9262
 
[ WDRY ] Taxi,

I hate to stick my neck out but I agree with you. It's Up.

The Highs are getting Higher. The Bounce came from the 50DMA not the 100 89 or 200. All of which are going up. Pushing the price Up.
Major Volume Surge on 12/16.

However the STO 16,14,14 just Triggered a Down Trigger Today at 71.98.
MACD Triggered Down recently too but the Fast line reversed and could now trigger an Up. Fast Sto in position for an Up trigger. Money Flows look Good.
OBV is questionable. The Spike on Vol 12/16 throws it off a bit.

It's a Risky call but .... I'll go in favor of the Upward moving Moving Averages.
The 50,89,100,200,300. and .... Guess ... Up. Maybe to new Hi's.

Good Luck if you play it.

Ray
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