Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: Skiawal who wrote (19309)	7/9/2000 10:05:23 AM
From: Skiawal	Read Replies (1) \| Respond to of 21342

Short Interest Info... Ratio at 1.65%...THE LOWEST IN 12 MONTHS! * Ratio = Shares Short / Avg Daily Volume; it may be used as a rough measure of days to cover SHRS SHORT 2.7 million viwes.com

To: Skiawal who wrote (19309)	7/9/2000 9:39:14 PM
From: P314159d	Respond to of 21342

SKi... I am no better than amateur trader either. I see the trendline as well, but it is too steep. i like 45 degrees and I think we can get that with WSTL around 25 to 26. Check your Fibonacci for the exact number. So what a stock does in a bear trend is start to win some customers. 1.) 16.25 = first level of a reversal on the hourly. 2.) 18 or so = second level of IHS bottom. 3.) Daily buy signals on MACD, Stoch and RSI below 30. 4.) Weekly are similar AND more long term bullish. 5.) Stock shows some accumulation reversal. This is an OBV indication and can only be seen on OBV charts with total accumulations. WSTL has this positive on this move from 13 and not the last one. What you identify, as near term trendline and others like the gap at 21+, recent retracement of a bear move from 40 to 13, and recent peaks and valleys at 29 or 19 are just trading resistances. But all 5 conditions above got taken out in moments trade Friday. Only the dumb shorts are left. This one will try new trading levels based upon the volume trade in recent weeks. Thus breaking trendlines and gaps as the summer moves on. That the volume leads price is a good long-term indicator for future.