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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T) -- Ignore unavailable to you. Want to Upgrade?

To: floj who wrote (642)	6/27/1998 9:12:00 PM
From: bill	Read Replies (1) \| Respond to of 1288

Floj, Finally found a place where I can play with the charts. At the moment I've got the price of WT bouncing back up toward the upper Bollinger band at 2 1/2. The moving average is flattening out. I assume the upward move toward the upper band is bullish. The MACD lines have converged and have stayed converged for a number of days but has not broken above its signal line. That would indicate uncertainty with the stock price likely to break in either direction.However, the OBV is positive. There have been three distinct OBV moves since January. The latest position looks like it could reach the highs established in May. That, I take it, is bullish. So, my interpretation is this: one neutral signal and two bullish. Am I anywhere close to right? I know there are lots of people on this thread and on others who don't beleive in TA. It's okay, I already know the arguments against it. I still want to learn how to do it and I'm trying to get in some practice.