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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: sammy levy who wrote (1288)1/23/1998 8:02:00 AM
From: Dale Baker  Read Replies (1) | Respond to of 18691
 
Just for practice - when I looked at the chart I saw the MACD lines moving up together and the histogram not getting any shorter above the line. Fast Stochastics show that the "oversold" condition has been maintained for several days; the fast line hasn't successfully punched through the slow line on the way downward despite the lofty heights. By successfully, I mean punched through and not returned to the other line soon after.

That's why I'd be careful; doubly so with a biotech.