DW re AMHC...

"American Healthways/AMHC is a member of the broad Healthcare sector. With respect to its sub-sector, AMHC is a member of the favored Healthcare Providers group. This particular stock is in a strong uptrend, having repeatedly been able to hold its bullish support line. As well, the stock exhibits positive RS as evidenced by its 5 for 5 rating on technical attributes. AMHC has a compelling chart pattern, too, having just completed a bullish catapult formation when it broke a double top at 39. Initial support resides at 35, then at the uptrend line at 33. The bullish price objective is 55; and the momentum is positive on both a daily and weekly basis, and is on the verge of turning to positive on the monthly momentum charts. AMHC is one to consider for purchase here, or at least is one to put on your 'Shopping List' for when the indicators turn up. We would only consider buying partial positions here, then would look to add to positions on a further pullback (37-39 range). We would then set an initial stop loss/hedge point at 34, while investors could give AMHC a little room and could use 32, a violation of the bullish support line, as their stop." --Dorsey Wright and Associates

[click to enlarge]

Trader Dan (someone I speak with several times throughout each trading day because of his markets savvy) asked me yesterday whether then was a good moment to execute a scale-in purchase of AMHC; I said "no, not yet, wait until tomorrow's likely downside opening, and then purchase as close as possible to $36-35."

Which is precisely what just occurred. So while the markets do their thing (decline) and you wait for the "indicators to turn up", this stock quite possibly just saw its low. Acknowledge that oscillations occur, and then make them your friend rather than your foe.