To: Mavrick who wrote (127 ) 4/29/1999 4:05:00 AM From: MIKFREE Respond to of 2241
OK Mav, daily chart for USWB looks good, but hourly chart looks fantastic! Stochiastics signal way oversold and ready to pop to at least 26, i think, very short term. Dont know if it will continue the rise to 30 or fall back a bit, but if i can get a couple of points out of this one, and it looks hesitant, i will sell and get back in, if i can! LOL Hourly chart shows stochiastics %K is at 9 with %D at 10! And RSI is at 0! So i think it's way oversold on an hourly scale, and i imagine there will be a little profit taking after a quick rise, so this one will probably be a good daytrade today, IMO. Looking back this month on chart, last time i see stoch's so low was on 4/14 at close. Almost same circumstances, price was at 24 (at 3:30)and %K was at 8. Next day price opened at 27 1/8, then quickly sank to 24 3/8, stayed rest of the day between 24 and 27, closed(well at 3:30)at 27 1/16, and then next day floated on up to near 29, was at 28 1/2 near close, and next day popped up at open to just a hair below 30 then started floating down again, closing at 24 and change once more. I see it has done this several times, i see whut u mean, Mav, i have confidence it will hit at least 27 or so very short term, maybe dip a bit before another run(from looks of daily chart) to above the 30 mark. This is what i see, there may be a leetle more downside for the next week or so, MAYBE, from looks of daily chart, but hourly chart shows a nice pop soon to 27 at least, i would say. I think it will last long enough for you to be able to tell if it is going for another dip, and take profits, and buy again on the dip. But there may also be a short spurt this morning, maybe too, if you are qwik enuf!(Not me!) This is all what i say judging from the past performance of this stock, and it may or may not behave this way again. But if i can take profit at 27, my shares will be sold! OK this post is long enough, i think. Time to hit the sack. Good nacht. Or good morning. Whatever! LOL Mike