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To: Instock who wrote (353)1/3/1998 9:43:00 PM
From: Ken W  Respond to of 1488
 
Instock,

Me thinks ye are way too modest. DRMD...Gads man you want me to TA with the likes of Ray Cunningham and Dave H. Although I do agree with Dave H. A break below 6 seems to be the key. Perhaps a limit order under that would do the trick. The only overbought indicator I see is in the shorter term. All other longer term Stoch. are in the 40 to 60 range.

I do agree with you Scott that the recent runup has been due to the news of FDA and media reports. Going back even 3 years though shows the price just crossing over it's moving averages.

I'm no expert at TA, have read a couple of books and watched Doug and others. One thing that all of the books say is never short a stock trading above it's 30 week moving average.

Regards

Ken W