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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?


To: David Fitz who wrote (183)2/18/1998 9:30:00 AM
From: Wayners  Read Replies (1) | Respond to of 927
 
Thanks David. I listened to some of the sound bites at your Kennel Boys web site. All sounded good to me. Are you guys intensely marketing the CD and yourselves?

CA has three touches of the lower bollinger band on price over the last few days. That situation often creates a short term bottom. Strong support at $45 too. If you're a bottom fisher, I'd say give it a try--otherwise I'm looking to short it possibly on the next runup because the 12 day trend is down. Bollinger band width on price is at its widest point, which will give it plenty of price volatility coming up. A good call on a bottom here will be VERY profitable.