Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 690.36

-0.5%

Jan 14 4:00 PM EST

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To: Dr. Stoxx who wrote (2494)	12/29/1998 8:54:00 PM
From: Ken Adams	Read Replies (1) of 39683

TC, I have to say right up front that I own this stock (DRI, Darden Restaurants). But, today's chart pattern looks good enough to me to put it up for the thread's consideration. timely.com On my WOW chart, OBV shows only minor pullback from recent all time highs in price. Stochastic, RSI both up (not showing this with Timely, for reasons I don't understand) and MACD is well above zero and appears to be firming for an upturn. Add to that a near 50% retracement of the recent rise. Also, looking at the weekly and a much longer picture, DRI is about to put in the handle formation of a long "cup with handle" per O'Neil. Bullish. Tell me I'm not blinded by the fact that I'm already a holder of this thing. I know that can change the perspective. Anyone want to tell me how this one *really* looks to an unbiased eye? Thanks, Ken

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