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Strategies & Market Trends : The Rational Analyst
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To: HeyRainier who wrote (306)2/11/1998 9:30:00 PM
From: HeyRainier  Read Replies (1) of 1720
 
[ SIDT ]

I was wrong.

The stock turned bearish when the gap was filled at 0.438.

What attracted me to it was the Bullish Divergence on the RSI, and the MACD turning up and the Momentum indicators troughing. Unfortunately, the previous bar's close was right at the trendline, and the emergence of sellers at points above it should have been a warning signal.

And the most important consideration of all perhaps was the poor fundamentals. Interesting lesson learned...all on paper.

Rainier
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