re WDC, re: different strokes, re: buy opportunities
What Ray is looking for is his form of *confirmation* of a continued uptrend. Waiting for a pullback doesn't confirm the present or future uptrend, even if it does offer a better buy-in. I'll often await a HIGHER price before committing funds, since I like a confirmation also, altho I don't personally use ma's for confirmation purposes.
A pullback could actually be the start of a trend reversal, catching you on the wrong side of the trade. I like to use pullbacks directly after breakouts as confirmation of both the uptrend and support.
In a general sense, for 95% of investors, I think right now is a great time to get into WDC -- but waiting for confirmation of the uptrend with a break over $20 is *prudent*. If the current action is a fake-out, a backtrack to 16 might actually indicate lower prices ahead, not higher.
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