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Strategies & Market Trends : Technical Analysis - Beginners
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To: Michael Watkins who wrote (11520)2/10/2001 11:39:50 AM
From: TechTrader42  Read Replies (1) of 12039
 
To add some indicators to the mix: From the point of view of MACD 13/34/89 and 13/34/5 in the daily chart, it's in a downtrend. It's broken through the middle Bollinger band and could head back toward the lower band at 30 (the mid-January low). It's also fallen through the 50 SMA (and the volume-weighted MA in eSignal). There are various other levels of support between here and 30, based on past support levels, but if things get rough, it could hit 30.
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