If you would like an email sent to you when I update the blog please send an email with "subscribe" in the subject line to traderbob58@gmail.com. To be removed use "unsubscribe".

Search This Blog or Web

Trend table status






Up 7/31/20

Up 1/29/21

Up 5/29/20


Up 10/2/20

?+ 4/23/20

?+ 4/30/21


Up 3/29/21

? 4/5/21

?- 5/10/21

Short term

Up 4/1/21

Dn 5/10/21

Dn 5/4/21

Don Worden of Worden Brothers (makers of Telechart software) used to keep a trend table before his health issues got in the way. I always found it useful. Mine is slightly different. Hopefully helpful. Up? or Dn? means loss of momentum. ? by itself means trend is neutral. ?+ or ?- means trend is neutral with bias of up(+) or down (-)

Friday, February 21, 2014

WDC 2/21

Lets take another look at the daily chart of WDC.

The green arrow marks the day I mentioned this stock here.  As you can see it has rallied off the 50 DMA.  It has now made it back to the .786 retrace level.  This is the last area of resistance between here and the high.  I don't really like this price pattern much.  It may stop in this area.  In addition STX is not doing well.  It is in the same business so if you are long WDC watch closely.  If it gets through the red line odds favor a test of the high.  At this point I don't believe it will get much further up then that.  This looks like a top forming to me.


No comments:


The information in this blog is provided for educational purposes only and is not to be construed as investment advice.