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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (8285)	3/10/2004 5:20:47 PM
From: Return to Sender	Respond to of 13403

OT: I'll be honest. The charts don't look all that good on WDC. Here they are: investorshub.com I bought today hoping that we would get the rebound in the market I believe is coming. I don't care much about fundamentals but WDC is a value stock in technology. Right now the 200 day sma has got to be seen as resistance if WDC gets a rise going. I know you've heard the old maxim that bulls live above the 200 day moving average and bears below or you would not have brought up the 200 day sma. However when you look at longer term charts which are provided at the link above you will notice that could drop all the way down below 10 (9.64) without having to set a tremendously damaging new low. If you follow the wave theory at all then you also know that the market could be seen as going through a corrective wave 4 at this time. That down wave is followed by wave 5 up to new highs. I don't think technology can be counted on to provide us with the greatest returns in the market going forward but we should be able to profit nonetheless on WDC and many other stocks before the ultimate top is put in for this rally. JMHO, RtS