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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?


To: Gordon A. Langston who wrote (1234)6/26/1998 2:39:00 AM
From: HeyRainier  Read Replies (1) | Respond to of 1720
 
[ SDRC ]

As John Bollinger would put it, it's coming out of a W-Bottom, and it just broke the short term downtrend. Key intermediate term indicators are bearish, however, so I wouldn't be looking to hold this too long. If we're talking short term, then I'd be interested in the current expansion to possibly carry this up to the low 25's, where it will not be kindly greeted by the 89 dma and upper Bollinger Band.

I see the MACD has been good to this one as a key trading indicator; maybe history will continue...

Good luck.

Regards,

Rainier