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Strategies & Market Trends : The Rational Analyst

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To: Vitas who wrote (512)	3/27/1998 12:55:00 AM
From: HeyRainier	Read Replies (1) of 1720

[ Sequential Setup: WMB ] Vitas, If you're looking to make a play on WMB, now would be an appropriate time to make a stab at it. The 9 Count was triggered with today's trading, and it formed a more-bullish-than-usual Hammer, called a Takuri Line at the base of its downward trending Trading Channel. Short term stochastics are in near-oversold territory to help you out, and if RSI Theory holds, then some support should materialize at this level for the modified RSI indicator I am using. In addition, the long term trend of the stock remains strong and intact. Plus, that Tom DeMark Expert Indicator has turned up and moved out of the oversold territory, which usually is an indicator of a near term rise in the market. We'll see how it goes tomorrow. Current price: 31 1/4 Regards, Rainier

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