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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Frank M. McHugh who wrote (1506)	11/12/1997 11:57:00 PM
From: Loren	Read Replies (4) \| Respond to of 60323

New Topic... Someone asked about technical analysis for SNDK... I am new to this thread, although not really new to SI. I use MACD (Moving Average Convergence/Divergence) and DMI (Directional Movement Indicator) for signals. I chart both in the weekly and daily domains, but depend mostly on weekly charts. More accurate, although slower to give buy/sell signals. Four weeks ago, weekly DMI gave a sell signal. Three weeks ago, weekly MACD gave a sell. Right now, the indicators say, stay out. On the daily front, both indicators gave a sell 2-3 days ago. Again, it's time to stay on the sideline. I'm very interested in buying SNDK. But I'm going to wait on TA to tell me it's really time to buy it. I'm only right about 2/3's of the time... keep this in mind if SNDK goes to 200 tomorrow! Loren