Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 222.85

+2.4%

Nov 14 3:59 PM EST

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To: MeDroogies who wrote (17956)	2/5/2003 12:15:06 AM
From: ehasfjord	of 19079

My analysis is that there are to many if's for me to jump back in. Collin P. being one of them. Some interesting other stuff: Todays movement shows a "spinning top". (Market doesn't know which way to go) so what's new!. If I had a hammer reversal, then I'd be somewhat more confident for an upward move. Substitute CSCO for ORCL on the chart I'm sending and you'll see what I mean re: a hammer reversal. Stochastics, I usually use 25% or less for the D line plus positive divergence plus K is above D and there is a reversal sign (to buy at the bottom). Now I know that ORCL is not at the bottom, but the other signs plus MARKET SENTIMENT indicate that it could go lower than todays close. Some consilidation forming with the boll. bands - could be forming a squeeze, especially with the candle approaching the middle boll. band line. Price didn't go above (about 12.25). MACD bullish, but heading downward. The "coupe duh gracky" is that RSI is approaching oversold (my measure is 25 to 30). By most folks measure, it's oversold right now. Momentum is flat, but above zero. No read from this, except that it's showing a downtrend. I have a buy order in @ 10.00 for a few shares. The market is going to be going "whacky" tomorrow. Here is the chart I'm using: Take Care! siliconinvestor.com

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