Forum Archive Index - December 2002

[prhughes@value.net.nz]

        Phaedrus

        I looked at the WRI chart and had a go at analysing it. If time 
permits could you comment on my results as given below.

1.      Started long term uptrend about April 2000

2.      LT uptrend still in place

3.      Has only touched (held) LT uptrend twice since then, Oct 2000 
and Apr 2001. For a safety first investor would this be the only 2 
points to consider buying.

4.      Latest Medium uptrend started end July 2002, price went to 
$1.34 which was tested later twice, but did not go higher. Time to 
watch chart carefully.

5.      Price Line broke Med uptrend at $1.30. MA 30/50 crossing 
soon after. Last warning to SELL?

6.      When in a case like this one should only trade the Med 
uptrend,  volatile, anything can happen?

How am I doing? Showing some improvement?

I only have 2 oscillators, Macd and RSI. Would be interested to 
see at what level you set the RSI at. I set my MA's at 30/50/120.

Thanks

Bill

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