Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 690.27

0.0%

Dec 26 4:00 PM EST

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To: go4it who wrote (2816)	1/28/1999 9:44:00 AM
From: Ken Adams	Read Replies (1) of 39683

Hi Chuck, NWAC is an interesting chart, but I still think it's a little too early to get in. Of course, it's been wallowing around in a 6-8 point range lately and that would be good enough to justify being involved with it. My main concern is with OBV, which is dangerously close to making a new low. That would not bode well for the stock to bounce back. RSI is also drifting lower. Once OBV seems to firm (whenever that will be) I think this could be a nice trade. I'd be cautious here. JMHO! Ken

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