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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (94615)4/8/2004 8:29:27 PM
From: bcrafty  Read Replies (2) of 209892
 
mc, I didn't like the cross of death on INTC either
and that was one of the reasons I looked for a short entry. Although it broke the down trendline from the January top on this rally from the March low, it has been underperforming the rest of t.he naz biggies on this rally since then. We'll see if that down trendline acts as any kind of support now. But if it breaaks throught the horizontal support ajtj mentioned, the next one is probably 25.25 and then 23. I note the MACD is now turning down and RSI too after having only broken 50, and that makes it look somewhat weak too. Acc/dist about to cross down again, and money flow is still red since January

stockcharts.com[h,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

The "cross of death" signifies the 50 sma crossing below the 200 sma that you mentioned; FLACK at Dr.Bob's board came up with that term, and I've always found it catchy but with an ominous ring to it. ;~}
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