Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: Caroline who wrote (2188)	10/31/1998 5:16:00 PM
From: Ken Adams	Read Replies (1) of 39683

CB, Maybe they are easy to manipulate, but that shouldn't matter. If the chart gives a signal, we should heed that, don't you think? I know absolutely nothing about ORLY, and the chart shows a reluctance to close above 39, but many of the TA indicators suggest it will do so in the near future. OBV is strong! MACD is good, RSI is higher. The fact that Stoch is 88, or so, doesn't mean anything. This may be a stock ready to move! Combine that with the good FA input from IBD and this may be one to latch onto. I'm not shilling it, just "highlighting" it. <g> Ken

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