Forum Archive Index - October 2001

["Bestbrook" <bestbrook@clear.net.nz>]

Many thanks, Phaedrus. Your earlier three charts - together with the today's
illustration of the Williams' oscillator make fascinating viewing. The
clarity of your explanation excellent as usual.


<<<<<  ....... 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.

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