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To: wggm who wrote (18660)	4/9/1998 7:48:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

wggm here's the updated chart.http://www.iqc.com/chart/default.asp?period=120&time=day&chart=candle&chart1=ma&volume=y&rsi=y&stochastics=y&momentum=y&symbol=esv Earnings are coming soon. Note that esv has not gone below 24ish all during the correction.Volume is increasing. Huge buying today on the dip to 25 1/4. Do you see esv taking out 24? I don't. I see it turning around next week and headng back up. I bought at 28 3/8 and haven't sold. I am a little disapointed that esv didn't hold at 28 but I am expectant that it will get back to 32 or higher very shortly. Do also had big volume buiying on the dip yesterday. It is zig zagging in an uptrend, not down.

To: wggm who wrote (18660)	4/9/1998 8:04:00 PM
From: William L. Oppenheim	Respond to of 95453

First thing to define is the time period about which you are talking. Day trading, monthly, yearly, five years etc. Then you can talk about the trend over that time period, then the specific indicator and how it is tuned for that situation. Be aware that beyond moving averages, no indicator has been shown effective in impartial academic studies. Once an indicator seems to be working, more people discover it, use it, and thus limit its usefulness. They are very much self defeating over time. There is that word again--time. When a stock is trending, lots of indicator seem to work--sometimes referred to as momentum indicators, or a variety of ossilating indicators based on price about a moving trending average. The aguement is whether you can move in and out at just the right times to enhance your yield over simply buying and holding. Most folks who have looked at this favor fundamental analysis and buy and hold, but still consider indicators of some short term use.