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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Terry Backlund who wrote (6425)	6/25/1998 3:02:00 PM
From: Ditchdigger	Respond to of 29382

Sorry Terry,I'm definitely not the TA guy around here<g>..Since I've been mentioning Bombardier lately, here is todays press release.. This train stuff is big stuff,I never realized the revenue involved... canoe3.canoe.ca DD

To: Terry Backlund who wrote (6425)	6/25/1998 3:11:00 PM
From: BI*RI	Respond to of 29382

Yeah, Terry. It just finished a Buy Sequential yesterday that could be perfected today. But you knew that already, didn't you? <ggg> Are we about to add another one to the Amie' Backlund/Bishop Portfolio? Next thing you know, we'll be starting a website. It could become too complicated for me trading among three of them, though. In seriousness, I've been watching this one since early Spring. The manager of the top large cap value fund (Legg-Mason, LMVT) for the last 10, 5, 1 years likes this company/stock. And he liked it in the 20s. Said it will rebound to the 40s (it was at $50 in Sept.). I used to have money in his fund, which is why I picked up on his recommendation in a Money Magazine feature on Tech stocks, and have followed it since. All of this also made David H.'s notation of the Buy Sequential of particular interest to me. Amie' Bishop

To: Terry Backlund who wrote (6425)	6/25/1998 3:18:00 PM
From: LTK007	Read Replies (2) \| Respond to of 29382

Here's 2nd Opinion's opinion on WDC,Terry n - WDC but in summation Terry TA here is terrible--power rating of -48,not good. 06/25/98 Symbol: WDC Name: WESTERN DIGITAL CORP Exchange: NYSE PRICE ANALYSIS Close 11.13 Open 11.13 High 11.50 Low 11.13 Change -0.12 YrHigh 54.75 YrLow 10.25 Mo Chg (%) -34.5 Resistance 16.83 Support 10.82 BUY STOP 16.40 Volatility (%) 4.7 Position 12 ADXR 43 OPINION C-Rate -1.1 AVOID 06/09/98 15.25 VOLUME ANALYSIS Volume 8849 Ave Vol 21078 Mo Chg (%) 38.8 U/D 0.7 Slope DOWN Obv BR * Pos Obv BR * Neg Obv BR * MFI 30 Slope UP TECHNICAL ANALYSIS Alpha -0.45 Beta 1.45 MACD-ST BR * MACD-LT BR * 50-Day R.S. 0.58 10-Day M.A. DOWN 99 21-Day M.A. DOWN 82 50-Day M.A. DOWN 65 200-Day M.A. DOWN 50 STO(Slow %K) 47 STO(Fast %K) 42 Wilders-RSI 19 OBOS -1 Bollinger Bands 6 RSV 7 POWER RATING -48 SCORE = 0 Quick Help COMMENT Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND Chart pattern indicates a STRONG DOWNWARD TREND Relative Strength is BEARISH Up/Down volume pattern indicates that the stock is under DISTRIBUTION The 50 day MOVING AVERAGE is falling which is BEARISH The 200 day MOVING AVERAGE is falling which is BEARISH LOOK FOR SUPPORT AT 10.82 WATCH FOR RESISTANCE AT 16.83