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Strategies & Market Trends : Technical Analysis With Charts

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To: jaker who wrote (3422)	11/20/2006 11:51:20 AM
From: Davy Crockett	Read Replies (1) of 6865

another interesting chart.... (wish I was smart enough to buy it the beginning of August) <ng> RIMM the last 7 candles are very interesting, methinks they are suggesting some early topping out on this POS. Volume appears to agree by NOT confirming the breakout... ie: volume declining while stock is advancing. The other thing to note on this chart is the ADX (thick black line) ADX levels of 50 or more can run for a while, but ultimately it will run out of steam. In other words, ADX is unsustainable for a given period of time edit: check out MSFT, INTC, CSCO... note volume declining while price is advancing (warning Will Robinson, Warning)

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