PSUN A new breakout at $30+! Message Board

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Non-Tech : PSUN A new breakout at $30+!

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To: Duane L. Olson who wrote (1300)	6/30/1999 1:07:00 AM
From: Toby Zidle	Read Replies (1) of 1622

Barchart.com reports 3 different MACD parameters. Shorter-term 20/50 and 20/100 day MACD Oscillators are negative and so they are 'Sell'. The longer-term 50/100 day MACD Oscillator is positive, and thus a 'Buy'. Perhaps the major consideration is that the big drop in price from $25 to $22 was 19 days ago. (I counted that on the chart.) When that day goes out of the 20-day computation, we might expect improvement in the interpretation. Separately, I looked at Clearstation's MACD chart. Though the 'fast line' is above the 'slow signal' and both trend upward, they are both below a zero-line and, therefore, Clearstation continues to call PSUN as in a downtrend. clearstation.com Market Edge's "Daily Second Opinion" calls the MACD this way: "Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND", but adds: "Chart pattern indicates a POSSIBLE TREND REVERSAL." So it looks that your MACD interpretation is a bit ahead of the game, but in the right direction. Toby

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