Forum Archive Index - October 2001

[Phaedrus <Phaedrus@techemail.com>]

<<<<<  ....... waiting for a suitable entry point for WHS, how is it looking?  
Bestbrook. >>>>>
  I am not sure how long you have been following WHS - you may not have seen 
the 3 charts I posted on 21/8/01 :- 
http://www.sharechat.co.nz/archives/2001/08/msg00369.shtml 
 As a medium-term investor, you would be looking at Buying on a trendline break 
of the medium term downtrend that WHS was in. This would have given you an 
entry at $5.69. If you chose to wait for a new uptrend to be confirmed, your 
entry would have been at $5.75. 
 The upper plot is a 14 day Williams' %R momentum oscillator. As you can see, 
this is well into the "Overbought" zone. This means that any entry made at 
current prices would be classified as high risk. Entries are signalled by 
oscillators like this when, having been in the Oversold zone, they rise above 
it.
        Phaedrus.

_____________________________________________________________
Are you a Techie? Get Your Free Tech Email Address Now! Visit 
http://www.TechEmail.com