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Pastimes : Ask da_cheif
MVIS 0.993+5.2%Nov 19 3:59 PM EST

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To: da_cheif™ who wrote (7848)1/14/2002 1:55:55 PM
From: Chip McVickar  Read Replies (1) of 8150
 
got -10...-8 for friday 11th

the expected wed 9th cycle low (don't know your origin?) produced a strong outside reversal bar closing down on the DJIA 200dma...
the next two day highs dropped off the 200dma and today's price low is knocking up aganst the 50dma.

clx 3dma's continue to weaken, as do the 10's****except for the aydis 10
cheif... looks like the aydis 10dma reversal 1/04/02 called the turn and it's 10dma today is looking forward and expecting a turn up shortly.

With the DJIA flattening out many highly used trend indicators like ADX, OBV, Stoch, MACD, MAvgs, etc are signalling sell.....!
BUT the CLX work ups are not in any serious trouble yet and suggest this sell off is false, and without convincing strength.

Do I read this correctly...?
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