Trend Setters and Range Riders Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trend Setters and Range Riders

MSFT 492.01

+1.3%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Petrol who wrote (21060)	7/22/2002 11:57:55 PM
From: Susan G	Read Replies (3) of 26752

Weekly bearflags on the following: Many of these have 3 legs down on the weekly chart already, so they could break to the upside on any rally. But with any more downside, they look about to crack. Just keep in mind when going long these stocks that bearflags usually break when the price cannot make it through 10 and 20 ema resistance, so although they might move up a bit, making everyone think they are reversing to the upside, it could be quite the trap for longs if traders short that backside bounce after seeing these patterns. Going to take a massive short squeeze to get these stocks back over the EMA resistance. QLGC INTC BRCD BRCM KLAC AMAT GENZ AMAT MYGN MERQ NVLS ORCL CRUS QCOM NVDA MRVL IBM CSCO (started breaking today) MSFT (broke totally today) EBAY has a rising wedge on the weekly that started to crack today, looks like it's heading to 50 again. All the NYSE financials I looked at have 3 black crows forming - almost completed - on the weekly chart. FNM, AXP, JPM, LEH etc. The weekly BKX has them also.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next