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Strategies & Market Trends : Three Amigos Stock Thread

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To: in_cog_nito who wrote (27713)	12/30/2001 10:55:18 PM
From: Ken W	Read Replies (1) of 29382

InCogNito I never get bored!! Either with the market or everyday life it is all good, just some days are better than others. ORCL TA wise is still in the slow downward trend. stockcharts.com[l,a]waolyiay[dd][pb50!b200!d20!c10][vc60][iUb14!La12,26,9!Lp14,3,3!Lc20] Notice that the 50dMA is solidly under the 200dMA (this is a weekly chart so count them as weekly closing averages). The price is still below the 10dEMA (or weekly). Change this chart to a daily chart and see that the price is still hitting up against the 10dEMA and falling back down. The stock is trying desperately to hold 14 Scott and may be good for a trade from 14 back to 15, simply because it is getting fairly oversold, but I don't think it will show and real solid support until 13. MTNT: As stated earlier on the thread I'm going to refrain from doing TA on stocks trading below 6 dollars per share. Ken

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