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

To: TLindt who wrote (435)	4/2/1998 8:15:00 PM
From: Wayners	Respond to of 927

No matter how I look at it I see no reason to sell it yet. There is no slowdown in momentum. Volume today was higher than yesterday. Its not quite up against resistance at $28 and its certainly not a sell on stochastics. Bollinger bands on bollinger band width show that the volatility is not yet peaked yet. Now it might not go that much higher, but you'll have plenty of time to get out as it forms a top. I'd hold it to see how high it can go.

To: TLindt who wrote (435)	4/3/1998 3:47:00 PM
From: Wayners	Read Replies (1) \| Respond to of 927

Well it doesn't look like a sell signal on CKFR today, however it didn't go up--not a good sign near a resistance level. Volume was down as well. I think there is profit taking going on, its just not dropping the price yet. With the big runup and really high volatiliy, you've got to anticipate a sell signal. The 5 day stochastics are above 80 and are maxed out at the upper bollinger band on stochastics. I'd sell today before the close today or early on Monday to lock in profits. There's no reason to hold onto higher risk positions like this one. I'm thinking countertrend drop on this one.