Thursday, September 01, 2005 6:01:40 PM
I like WYNN, Jonesie.
The stock is bouncing off of the bottom of the linear regression channel (sorry for not posting that chart; for whatever reason, it doesn't show here). What I'd really like to see, which is not to say that I don't like WYNN already, is the weekly full stoch to overtake (%K over %D) and move above 20. WYNN looks to be on the cusp of doing just that. The most recent move at the end of July and beginning of August butted its head up against the top of the linear regression channel, which should be set at about $57 if the stock gets there relatively soon. Such a move is about exactly, and I mean exactly, a 1/6 move (16.66%) from the current price of $48.85.
The stock is bouncing off of the bottom of the linear regression channel (sorry for not posting that chart; for whatever reason, it doesn't show here). What I'd really like to see, which is not to say that I don't like WYNN already, is the weekly full stoch to overtake (%K over %D) and move above 20. WYNN looks to be on the cusp of doing just that. The most recent move at the end of July and beginning of August butted its head up against the top of the linear regression channel, which should be set at about $57 if the stock gets there relatively soon. Such a move is about exactly, and I mean exactly, a 1/6 move (16.66%) from the current price of $48.85.
goosemeister@hotmail.com
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