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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Guy who wrote (1369)9/4/2001 10:42:01 AM
From: Carolyn  Respond to of 8752
 
Article on top ten optical stocks:

lightreading.com



To: Jeff Guy who wrote (1369)9/4/2001 6:39:00 PM
From: Vendit™  Respond to of 8752
 
I agree with you that Williams R normally is the first to signal a trend reversal. I like to see a confirming indicator as well before I become convinced that a reversal has at least “some” short-term life.

At present I think that shorter timed indicators are a good idea in any time frame that you would normally use. I’m using 5-3-3 stochastic more than ever in daily time frames. 1 minute and 3 minute candle time frames are better for intra-day IMO.

On the daily chart you can see a bearish engulfing gravestone with a shaved bottom. All indicators are pointing short term negative. Continued downside is likely at open IMO.

askresearch.com

A 30-minute chart confirms my above statement for a bearish open in the morning.

askresearch.com

All is just my humble opinion.