Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Chris who wrote (9367)	6/18/2001 12:21:38 PM
From: TechTrader42	Read Replies (1) of 52237

Nice rally today, huh? I guess everyone's waiting for the oracle to speak. The interesting thing is that while certain breadthalyzer indicators are giving buy signals today in daily charts, reversing from extreme levels, they're giving sell signals in the weekly charts. Ain't that something? And most individual charts seem to show price hanging precariously over the abyss, with April's lows at the bottom. MACD generally remains in overbought levels, too. So it's all very unclear at this point. There could be a short-term bear-market rally if ORCL doesn't upset things, or there could be more down days. Incidentally, want to see something amusing? Look at your MACD plot with ORCL. Brings to mind the Flying Wallendas. But the problem is that the extreme lows of April may be throwing off the MACD plot a bit. If not -- if that plot is going back whence it came -- then watch out below.

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