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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (4517)5/13/2002 3:47:52 AM
From: Augustus Gloop  Read Replies (1) | Respond to of 6346
 
WDC Message 17351542

Message 17351542

To:Tom Simpson who wrote (9114)
From: Outer-limits Thursday, Apr 18, 2002 5:37 PM
View Replies (1) | Respond to of 9141

Just jumped back into WDC yesterday at 6.98 ahead of the earnings report (that's how confident I am). I think WDC's fundamentals will continue to improve as the retail upgrade cycle continues, and eventually as corporations begin to upgrad their equipment. Chart pattern looks solid as silver bar!!!!


Bearish Price Obj: 0.50 Bearish Reward to Risk 1.40

9.0 ------------------+---------------------------------+---------------------9.0
8.5 | | Top8.5
8.0 * ----------------+---------------------------------+---------------------8.0
7.5 X * | X 4 7.5
7.0 X O * ------------+---------------------------------1 O 3 O --------------7.0
6.5 X O * A * | X O X O Med6.5
6.0 X 5 ----X O X * --+-----------------* --------------X 2 X O --------------6.0
5.5 O 7 X O X O * | 2 X * X O 5 5.5
5.0 --O X O X O X O --* X --X O X ------X O * ----------C ----O X ------------5.0
4.75 O X O X O B | X O X O X O X X O * X O X 4.75
4.50 --O X O 8 ----O --+-X O X O X O X O X 5 ----* ------X ----O X -------- Bot4.50
4.25 6 X O X * O | X O O O X O X O * X O 4.25
4.00 --O --O X * --O --+-X --------O X 4 X 6 X --8 --* --X --------------------4.00
3.75 O * O X | X 3 X O * O X O X O * B 3.75
3.50 ------* ------O X O X --------O X * --O X O X O ----X --------------------3.50
3.25 O X O X * O * O X 7 X O X X 3.25
3.00 --------------C X O 1 ----* --* ------O --O --9 X O X ------* ------------3.00
2.75 O X O X * O X O A * 2.75
2.50 --------------O X O X * ----------------------O X O X --* ----------------2.50
2.25 O O * O O X * 2.25
2.00 ------------------* ------------------------------O * --------------------2.00
1.75 | * | 1.75
1.50 ------------------+---------------------------------+---------------------1.50
1.25 | | 1.25
1.00 ------------------+---------------------------------+---------------------1.00
0 | 1 1 | 2 -----
| | -----