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Strategies & Market Trends : TA setups-ex th traders
DIA 462.58+1.0%Nov 21 4:00 PM EST

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To: cthruu who wrote (6578)4/30/2005 3:27:31 PM
From: robb3267  Read Replies (1) of 7682
 
>>>I was tempted to short and post MSTR when it gapped to 50 dma and failed. Look what happened a couple of days later... i did not pull the trigger.>>>

I rarely play the earnings card but was tempted to short this as well into their report but didn't. A large h/s had formed on the stock. Very similar setup to KRON if you study the one year chart.

Per the market I covered my last shorts Friday....we did a flush of 1904 support and reversed on strong volume. We also tagged the bottom of our current down channel on the Nasdaq and tailed off that level putting in some divergence per macd...stochastic and RSI.

stockcharts.com[h,a]dhcayiay[dc][pb50!b200!b20!f][vc60][iub14!la12,26,9!lp14,3,3][J47825249,Y]&pref=G

Wouldnt be surprised to see a week or two of reflexive upside here before the next leg lower.

As always time will tell the tale...
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