EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: SJS who wrote (4960)	3/18/1999 1:23:00 PM
From: Ganesh	Read Replies (3) of 17183

So? On Jan 19-20 it broke through its Bollinger band as well. True, it came back within the band a few days later, but it doesn't mean EMC is necessarily going to sell tomorrow. Block trading way up on EMC today and yesterday in an up market (That's good). Average Directional Movement Indicators => at 25.7, they've a long way to go before seeing the historical DMI of 34.9 in beg. of January => That's good. Stochastics show "overbought", but that has been the case since around the 20th of October. RSI => Not overbought yet. (Good) MACD => No "crossing" of 5 and 15 day averages in sight. (Good) Hurst Exponent Theory (Chaos): At .69, the stock has a "persistence" to increase of 69% (Very Good). Mclellan Oscillators => SWEET SPOT: Neither overbought nor oversold. (Very Good) Conclusion: Daytraders should be cautious tomorrow and Monday otherwise this thing has got long legs to it.......... Just my two cents worth......

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