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Guy,
I appreciate your observations on Western Digital (WDC) and I'd like to
understand your "sell tomorrow" conclusion. My guess is that you
anticipated that the stock would hit the upper channel and create a
short or sell opportunity. With hindsight it didn't -- or at least it
hasn't -- but just what about the pattern you saw on the 14th made it
appear to be a classic sell? Could not a case be made that the stock is
likely to resume the significant uptrend of 7/24/96 to 1/9/97 after a
six month consolidation?
Thanks for sharing your insights.
Leo Karl
Guy Gordon wrote:
>
> Anybody want to see a *really* nice Raff Regression Channel?
> Look at Western Digital. Click on your Raff drawing button and drag
> from 2/5/97 to 7/11/97.
>
> A perfect fit!
>
> P.S. It says "Sell tomorrow".
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