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

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To: Monty Lenard who wrote (35571)5/7/2002 12:20:24 PM
From: TechTrader42  Read Replies (3) of 52237
 
I see that Aug. high of 31, Monty. MCD is rising above resistance at the 8/8, at 29.7, and has to clear the +1/8, at 30.07, to confirm a breakout. The center of gravity indicator, which is supposed to have little lag, gave a buy signal at the beginning of the month, along with a lot of other indicators. Stochastics is near 100 in the ST.

Look at yesterday's inverted hammer. Has today's move above the shadow negated that candle, or could yesterday's candle still be meaningful?
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