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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (4225)	6/15/1999 11:26:00 AM
From: Dr. Stoxx	Read Replies (2) \| Respond to of 39683

Dennis, With WMT, about now you would either be covering your short (if you used a tight stop) or riding out the mini-rally. Pressure is still to the downside. If you were out, you would be sitting on the sidelines at this point waiting for the next short signal. Stochastics are showing a mini-buy, but you would have to ignore this because the chart is clearly in a downtrend. Ideally, yes, you would want prices to rally up near the 40MA, or at least enough to get Stoch. to rise above the 50 level before crossing and turning down again. TC.