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Strategies & Market Trends : Analysis Class for Beginners

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To: Arthur Tang who wrote (1217)	2/15/2001 1:04:45 PM
From: TechTrader42	Read Replies (2) of 1471

Well, we shall see which way MWBX goes. Perhaps you're right. I reckon we both have about a 50/50 chance of being correct. It's true that MWBX has been in an uptrend, climbing in steps, but those have all occurred since MACD 13/34/89 broke up through 0 in the daily chart, and now that indicator is seriously overbought. It's true that the trendlines have been trending up, if you draw a trendline above price. However, it would also appear that price is breaking down through a trendline drawn below the price bars in the daily chart, giving pretty much the same signal that MACD is giving. As for not being thrown of the thread just yet, I appreciate the dispensation. MWBX's uptrend has put you in a charitable frame of mind, no doubt. One can only hope the uptrend continues -- or resumes, I should say. And regarding TraderX, it wasn't here that I was following his latest trade. It was in the chat-room thread. He moves with willful abandon from one thread to the next. I can hardly keep up with him.

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