Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (5731)	10/7/2005 11:59:25 AM
From: fp_scientist	Read Replies (1) of 13449

Sir Bum, As usual, I appreciate very much your technical comments. You bring knowledge and skill to this board. On the topic of stocks that cut through their 50-day MA but closed above it and had gap downs, what do you make of those that did not gap down and did not even test the 50-day MA? For example, TS shows this pattern: stockcharts.com[w,a]daclyiay[db][pb20!b50!f][vc60][iLc!La12,26,9]&pref=G Is the 20-day MA now resistance? Is TS a buy if it breaks above the 20-day MA? By how much ... 10 cents? Would love to hear your comments on the chart. Thanks - fp

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