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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (2494)	12/29/1998 8:54:00 PM
From: Ken Adams	Read Replies (1) \| Respond to of 39683

TC, I have to say right up front that I own this stock (DRI, Darden Restaurants). But, today's chart pattern looks good enough to me to put it up for the thread's consideration. timely.com On my WOW chart, OBV shows only minor pullback from recent all time highs in price. Stochastic, RSI both up (not showing this with Timely, for reasons I don't understand) and MACD is well above zero and appears to be firming for an upturn. Add to that a near 50% retracement of the recent rise. Also, looking at the weekly and a much longer picture, DRI is about to put in the handle formation of a long "cup with handle" per O'Neil. Bullish. Tell me I'm not blinded by the fact that I'm already a holder of this thing. I know that can change the perspective. Anyone want to tell me how this one *really* looks to an unbiased eye? Thanks, Ken

To: Dr. Stoxx who wrote (2494)	12/29/1998 9:09:00 PM
From: Ken Adams	Read Replies (1) \| Respond to of 39683

TC, and all, Here's another one that I've been watching. I don't know if it really meets all the BTTT requirements, but I thought it worthy of mention. A good fundamental story on this one. Possible real breakthrough in vision correction at a much lower cost than PRK or Laser, etc. I'll find the info on this and post later. Meanwhile, take a look at: KERA: timely.com OBV breakout to highs today. MACD, RSI both up as is volume. Stochastic on the high side, but I never consider this worrisome in the face of other indicators at, or near new highs themselves. Note the 200d MA is now rising. A very bullish sign. I think I'll take a harder look at this one for tomorrow. I hate to buy at this time of year, but will at least consider it. I'm never sure the "real" players are paying attention to the market during these holidays. Not sure we're seeing the real picture. Who knows? Ken