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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who wrote (5560)8/21/2002 8:32:21 PM
From: ajtj99  Read Replies (1) of 30712
 
Notice the ADX on the CSCO 60-minute is at 10, which is usually a topping indicator:

stockcharts.com[h,a]eaclynay[d20020603,20020821][pc9!c13!c20!d20,2!h.02,.20!c50!f][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1]&pref=G

The 60-minute ADX on INTC says it's topped out:

stockcharts.com[h,a]eaclynay[d20020603,20020821][pc9!c13!c20!d20,2!h.02,.20!c50!f][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1]&pref=G

Trend strength is rolling over and the red line is turning up.

MSFT is the wild card here:

stockcharts.com[h,a]eaclynay[d20020603,20020821][pc9!c13!c20!d20,2!h.02,.20!c50!f][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1]&pref=G

ORCL is mid-range on the 60-minute after topping earlier this week:

stockcharts.com[h,a]eaclynay[d20020603,20020821][pc9!c13!c20!d20,2!h.02,.20!c50!f][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1]&pref=G

ORCL's daily appears to have crossed down:

stockcharts.com[h,a]daclynay[d20020603,20020821][pc9!c13!c20!d20,2!h.02,.20!c50!f][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1]&pref=G
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