IT sector - oversold?
WIPRO is nearing the 52wk low… Good to average?
MJ
On 9/6/07, KKP_Investor wrote: > > The best and the simplest answer to your question is two fold: > > 1. Read the book (attached) > > 2. Go the web site and plug in the numbers. An example would be for > Tayo Roll plug in the number for A (low i.e 112) and B (high i.e 284) > for a up trending stock. Click Go and it gives you the support levels > as the stock comes down to earth with a bit or more of a correction. I > am not picking on Tayo Rolls or indicating that it will come down, but > everything that goes up, comes down (consolidation or correction), since > trees do not grow to the sky. Those become 2nd and 3rd opportunities to > add more stock. Check out Walchand and it is a great example. > > Hope this helps. > > KKP > > ps: Please refer back to this note in the forum to grab the book. No > repeat sends will be done by me. > > >
