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


To: Gush who wrote (3083)12/27/2004 3:34:38 PM
From: Vendit™  Read Replies (1) | Respond to of 8752
 
Gush,

Re: Finding the top.

Williams’s %R is always the first oscillator to turn down.

That should put you on-guard to sell if you are long.

Look for a second confirming indicator which is normally stochastic 5-3-3 confirmed intra-day cross-over.

139.142.147.218

You don’t quite have that confirming cross-over yet so you don’t have a true sell signal. Positive news after close could push the stock higher in the morning and get you a better EXIT.

The truth is, the stock is just out of gas and technically over-bought for this cycle up. You have a good eye and knew that it was about time!

Reid