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Strategies & Market Trends : Paint The Table
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To: Jorj X Mckie who wrote (8646)1/7/2002 2:02:39 PM
From: Oral Roberts  Read Replies (1) of 23786
 
I think what we will see is the fifty cross over the 200 which many would look at as a buy or at the very least positive, I don't believe it would be considered a resistance point. The RSI to me still means that this high is being made with less conviction then the last which leaves it suspect. That is the negative while it looks like your getting a cross over on the MACD above the 0 line which would be good I guess.

But to me the story as of right now is a high made with lower RSI, a doji showing indecision on Friday and now a gap up with a down day below the close of Friday really says to me that we want to go down.

I am short though so take my thoughts with a grain of salt.
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