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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: Sam Biller who wrote (2588)2/11/1999 9:16:00 PM
From: TLindt  Read Replies (1) of 20297
 
>>>I think we see $35 again tomorrow.

Boy I hope you are right...you did good on your first CheckFree trading Shares...Congratulations to you!

But to be honest..I'm going to let MR. Market run for a few days. So that the measures I use give me some direction. I don't have a gut feel.

I've got this one just a banging off the 50dma, I posted it yesterday when it hit max oversold 100. That has been a good buy point for the last 3 up trips.

askresearch.com

This other one is just now basing a day later...maybe.

askresearch.com

And MACD, which I use has a ways to go, still falling.

askresearch.com

Now using these I can't say for sure where it's going tomorrow. But if you go back 5 or 6 days ago...and look at all three again..this baby was a big time sell on any of these measures.

It was 6 days ago; over-bought, over-bought, over-bought.

Right now I've got it; over-sold, close to over-sold, still-declining.

If you trade you have to have something that works outside of news...this has worked for me on this Stock, and others many times.

My best trades have been a combination of this and guts. Right now I'm just happy for getting the kiss. ie..I don't think I could hit a 5 day 40% correction within 40cents any time soon. I had a plan, it worked, I'm done...for now. Mr. Markets turn.
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